TCN Vows To Push For Discos’ Recapitalisation   Power distribution companies must be recapitalised for Nigeria’s power industry to work and the Transmission Company of Nigeria has vowed to push for the Discos’ recapitalisation this year. Speaking on some of the company’s targets for 2020 in the...

NAICOM Extends Insurers’ Recapitalisation Deadline To December 2020   The National Insurance Commission has extended the recapitalisation deadline for insurance companies earlier slated for June 30, 2020 to December 31, 2020. The commission disclosed this on Monday in a circular which was signed by the Director (Policy...

Buhari Canvasses $1bn Recapitalisation Of African Energy Corporation   Nigeria’s President, Muhammadu Buhari, on Thursday charged the Council of Ministers of African Petroleum Producers’ Organisation to support the recapitalisation of the African Energy Investment Corporation to $1bn. Buhari, who spoke at the extraordinary session of the council...

Insurers To Raise N50bn New Capital For Recapitalisation   Out of the 58 insurance companies in the nation’s economy, seven have reached to their investors to mobilise a cumulative sum of N50 billion new capital to meet June 2020 recapitalisation deadline.While others are still fine-tuning strategies...

NAICOM Approves Recapitalisation Plans Of 44 Insurance Firms   The National Insurance Commission (NAICOM) has approved the recapitalisation plans of 44 out of the 54 Insurance companies in Nigeria. Mr Agboola Pius, Director, Policy and Regulation, NAICOM, said this yesterday at an interactive session with shareholders to...

Recapitalisation: Wapic Insurance Wants N5.9bn Capital Raise   Wapic Insurance Plc has revealed its plans to raise N5.9bn through a rights issue. This comes after the recent increase in the minimum share capital of insurers by the National Insurance Commission. On May 20, NAICOM issued a circular on...