Access Bank Plc, Nigeria's largest lender by assets, has raised 351 billion naira ($228 million) through a rights offer to strengthen its capital beyond a new regulatory requirement as part of its expansion strategy. 

CBN Fixes $1m Capital Requirements For International Money Transfer Operators   The Central Bank of Nigeria (CBN) has fixed $1m as the minimum share capital requirement for International Money Transfer Operators in the country. This was revealed in its revised guidelines for the operation of IMTOs, which...

Despite Concerns Over Capital, Banking Index Rises By 6%   During the past week, the banking index of the Nigeria Exchange Limited (NGX) recorded the highest gain of 6.08 per cent week-on-week compared to other indexes on the local bourse as investors’ wealth grew by N66bn. Banking...

Lack of Capital, Others Cause 80% of SMEs Die Under Five Years — Report   About 80 per cent of Small and Medium Enterprises fail before their fifth anniversary due to harsh economic environments, lack of access to capital, and poor business practices, which have stunted...

Understanding Foreign Financial Inflows in Nigeria By Ozumi Abdul The presence of foreign investments is one of the major factors that boost growth in any given economy. There is always a gap between the level of resources required for investment to propel the minimum required growth in...

CBN Fixes N2bn Capital For Mobile Money Operators           Mobile Money Operators (MMOs) are to maintain a minimum of N2 billion capital base, the Central Bank of Nigeria (CBN) has directed in a circular signed by its Director, Payments System Management Department, Musa Jimoh. They have also...