30 Banks Hit Recapitalisation Target Ahead of March Deadline
Thirty banks have met the new minimum capital requirements introduced under the Central Bank of Nigeria’s banking sector recapitalisation programme, the apex bank disclosed on Friday.
The CBN said the recapitalisation exercise, launched in 2024 to strengthen...
20 Banks Meet Capital Requirement Ahead of Recapitalisation Deadline
The Central Bank of Nigeria (CBN) has said that about 20 deposit money banks have already met the new capital requirements under the ongoing banking recapitalisation programme, as the apex bank shifts focus toward ensuring that...
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...
