11 h. ago Cardoso: 27 banks raise capital to meet recapitalisation targets

CBN Governor Olayemi Cardoso reports that 27 banks are raising funds to meet new bank recapitalisation targets ahead of the March 2026 deadline. Read More: https://punchng.com/cardoso-27-banks-raise-capital-to-meet-recapitalisation-targets/

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13 h. ago 27 banks raise fresh capital in latest recapitalisation drive — CBN

The CBN Governor confirms 27 banks are on track with the bank recapitalisation exercise, raising fresh funds ahead of the March 2026 deadline. Read More: https://punchng.com/27-banks-raise-fresh-capital-in-latest-recapitalisation-drive-cbn/

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14 h. ago Nigeria Attracts $20.98bn In 10 Months As CBN Says FATF Grey List Exit Restores $30bn

Nigeria in the first 10 months of the year recorded a total of $20.98 billion in foreign capital inflow, a 70 per cent rise over total inflows in 2024, Governor of the Central Bank Nigeria (CBN), Olayemi Cardoso, revealed as he said $30 billion in potential investments was being reclaimed following Nigeria’s exit from the […]

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43 h. ago Sovereign Trust to raise N5bn through rights issue for capital growth

Sovereign Trust Insurance Plc is planning to raise N5 billion through a rights issue as the insurer races to meet read more Sovereign Trust to raise N5bn through rights issue for capital growth

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3 d. ago Cardoso: CBN unable to restart interventions as ₦4.69trn remains unpaid

says Nigeria’s FATF delisting major boost for investors, banks Olayemi Cardoso, governor, Central Bank of Nigeria (CBN), on Tuesday said read more Cardoso: CBN unable to restart interventions as ₦4.69trn remains unpaid

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4 d. ago Top 10 Venture Capital firms powering Nigeria’s $520m startup ecosystem

Nigeria’s startup ecosystem has long been the powerhouse of African tech by attracting significant capital despite macroeconomic headwinds. After raising read more Top 10 Venture Capital firms powering Nigeria’s $520m startup ecosystem

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8 d. ago FCMB to lift capital raise to N370bn after strong investor demand

FCMB Group Plc is seeking shareholder approval to increase its capital-raise limit to N370 billion as the Nigerian lender races read more FCMB to lift capital raise to N370bn after strong investor demand

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1 week ago SERAP Gives CBN 7 Days To Account For N3 Trillion, Threatens Lawsuit

The Socio-Economic Rights and Accountability Project (SERAP) has issued a seven-day deadline to the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, demanding a full explanation for what it described as the “missing or diverted N3 trillion of public funds” flagged in the Auditor-General of the Federation’s 2022 annual report. SERAP said the […]

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1 week ago SERAP Gives CBN 7 Days To Account For N3trn, Threatens Lawsuit

The Socio-Economic Rights and Accountability Project (SERAP) has issued a seven-day deadline to the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, demanding a full explanation for what it described as the “missing or diverted N3 trillion of public funds” flagged in the Auditor-General of the Federation’s 2022 annual report. SERAP said the […]

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2 w. ago Ellah Lakes Targets N200bn Revenue, Opens N235bn Public Offer

Ellah Lakes Plc has kicked off a N235 billion public offer as part of its next phase of strategic growth and capital expansion. The company stated this at its”Facts Behind the Offer” presentation held on the Nigerian Exchange Limited (NGX). The company is raising the capital to significantly fund strategic acquisitions and upgrade its processing facilities […]

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2 w. ago Senate proposes ₦1trn capital base for NEXIM Bank, new insurance tribunal

The Senate on Wednesday advanced major financial reforms aimed at fortifying Nigeria’s economic institutions, with proposals that include raising the read more Senate proposes ₦1trn capital base for NEXIM Bank, new insurance tribunal

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2 w. ago Ellah Lakes to accelerate growth with N235bn equity capital raise

…offers 18.8bn shares at N12.50 per share Ellah Lakes Plc, Nigeria’s pioneering integrated agro-industrial company, on Monday launched its N235 read more Ellah Lakes to accelerate growth with N235bn equity capital raise

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3 w. ago Ellah Lakes To Raise N235bn Through Equity Capital For Expansion

Ellah Lakes Plc has stated its intention to embark on N235 billion capital raise to boost Nigeria’s agro-industrial sector. The chief executive officer of Ellah Lakes, Mr Chuka Mordi, stated this at a briefing held yesterday in Lagos. At a press conference held yesterday in Lagos, the Company provided a comprehensive overview of the company’s […]

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3 w. ago Presco to raise N237bn through rights issue to shore up working capital

Nigeria’s largest crude palm oil producer, Presco Plc, has announced plans to raise as much as N237 billion in working read more Presco to raise N237bn through rights issue to shore up working capital

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3 w. ago Regency Alliance Grows Assets To N21.8bn, Plans Rights Issue Ahead of Recapitalisation

Regency Alliance Insurance Plc’s total assets increased by 15.96 per cent to N21.857 bn in the 2024 financial year, compared to N18.848bn in 2023. The board also approved plans for a rights issue and private placement to raise the minimum capital required of N15bn in accordance with the new Insurance Industry Reform Act (NIIRA) 2025. […]

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