Several organizations such as the Nigeria Labour Congress (NLC), the Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI) have voiced their concerns over job security regarding the new banks’ recapitalisation as ordered by the Central Bank of Nigeria (CBN).
NSE Ready To Partner CBN On Banks’ Recapitalisation
The Chief Executive Officer, Nigerian Stock Exchange, Mr Oscar Onyema, has said the Exchange is studying the pronouncement made by the Central Bank of Nigeria on the recapitalisation of banks to see how it can serve as...
CBN Plans Fresh Banks’ Recapitalisation As Capital Base Weakens By $3.5bn
The depreciation of the naira between 2004 when the last banking sector recapitalisation took place and now has cut the value of the capital of each Deposit Money Bank by about $175m.
The recapitalisation of...
