The Central Bank of Nigeria (CBN) has extended the deadline for the recapitalisation of Bureau De Change (BDC) operators

Recapitalisation: FCMB Will Raise N397bn In 3 Phases According to FCMB Group Plc, it plans to raise N397 billion in three phases ahead of the Central Bank of Nigeria's (CBN) recapitalisation exercise. Mr Ladi Balogun, Chief Executive Officer of FCMB Group, said this at the Fact...

CBN’s N500bn Recapitalisation in Line with Global Economic Dynamic – NDIC The Nigeria Deposit Insurance Corporation (NDIC) has said the new Central Bank of Nigeria (CBN) policy which pegs the minimum capital for commercial banks at N500 billion was in line with current global economic...

The NDIC And Recapitalisation Of Banks, by Salisu Na'inna Dambatta   The ongoing CBN-inspired recapitalisation for banks has serious implications for the banking sector, the equity capital market and the Nigeria Deposit Insurance Corporation of Nigeria (NDIC). While the banking sector may become stronger with deeper capital...

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). 

Recapitalization: Banks Expected to Seek Capital Infusion from Stock Market – Senator Senator Osita Izunaso has said that banks are expected to approach the stock market to raise capital in order to meet the new minimum capital requirements set by the Central Bank of Nigeria...