30 Banks Hit Recapitalisation Target - CBN   The Central Bank of Nigeria (CBN) has officially confirmed that 30 banks have successfully met the new minimum capital requirements under the ongoing banking sector recapitalisation programme. The announcement was made on Thursday by CBN Governor Olayemi Cardoso during...

Nigeria’s banking sector recapitalisation programme has entered its decisive phase, with a total of ₦4.05 trillion in verified capital raised.

Banks’ Recapitalisation Key to Achieving $1trn Economy — CBN   The Central Bank of Nigeria (CBN) has reiterated that the ongoing recapitalisation of commercial banks is central to achieving the Federal Government’s ambition of building a $1 trillion economy by 2030. The CBN Deputy Governor for Financial...

N2.4trn Recapitalisation Fund Raised by Banks Through Capital Market - SEC DG   Nigerian banks have so far raised N2.4 trillion through the capital market in the ongoing recapitalisation of the banking sector directed by the Central Bank of Nigeria (CBN). Director-General of the Securities and...

Recapitalisation: Five Banks’ Shares Oversubscribed — SEC DG   The Director-General of the Securities and Exchange Commission (SEC) Dr Eromomotimi Agama, has stated that the five banks that tapped the market to raise fresh capital were oversubscribed. This was disclosed in a report by Bloomberg on Monday...

CBN, NDIC, Others to Discuss Bank Recapitalisation at Summit The Nigeria Deposit Insurance Corporation (NDIC) the Central Bank of Nigeria (CBN) the Bank of Industry (BoI) the United Bank for Africa, Access Holdings Plc, and other financial institutions will be discussing the impact of the...