7 h. ago FCMB Group opens N160bn public offer to retain international licence

Tribune Online FCMB Group opens N160bn public offer to retain international licence First City Monument Bank (FCMB) Group Plc has opened a N160 billion public offer to bolster its capital base and enable its banking subsidiary, First City Monument Bank Limited, to retain its international banking licence under the Central Bank of Nigeria’s (CBN) new recapitalisation policy. The offer, which consists of 16 billion ordinary shares priced […] FCMB Group opens N160bn public offer to retain international licence Tribune Online

Politics

7 h. ago Recapitalisation: Why Union Bank, Polaris, Keystone are in Focus

Tribune Online Recapitalisation: Why Union Bank, Polaris, Keystone are in Focus Nigeria’s ongoing bank recapitalisation exercise is reshaping the financial sector, with Union Bank, Polaris Bank, and Keystone Bank emerging as prime targets for potential acquisitions or mergers. As the Central Bank of Nigeria (CBN) presses ahead with its March 2026 deadline for compliance with new minimum capital requirements, attention is turning to lenders yet to […] Recapitalisation: Why Union Bank, Polaris, Keystone are in Focus Tribune Online

Politics

8 h. ago CBN pushes bank recapitalisation, expands financial inclusion

Tribune Online CBN pushes bank recapitalisation, expands financial inclusion The Central Bank of Nigeria (CBN) has reaffirmed its commitment to expanding financial inclusion while strengthening the banking system through its ongoing recapitalisation programme. Speaking at the Lagos Business School’s inaugural lecture on Friday, CBN Governor Olayemi Cardoso said the reforms are necessary to build resilience, deepen access, and ensure banks are capable of supporting […] CBN pushes bank recapitalisation, expands financial inclusion Tribune Online

Politics

4 d. ago OMO repayments push banks’ deposits with CBN to record N5.5trn

…Money supply rises by 11.5% in one year …Credit to private sector decreases to N73.8trn Commercial banks’ deposits with the read more OMO repayments push banks’ deposits with CBN to record N5.5trn

Politics

6 d. ago FG determined to revolutionise agriculture with N1.5trn recapitalisation of BOA – Minister

The Federal Government said it was determined to revolutionise the agriculture sector with the recapitalisation of the Bank of Agriculture with N1.5 trillion. Minister of Information and National Orientation, Alhaji Mohammed Idris, stated this at the World Press Conference in Abuja. According to Idris, the administration of President Bola Tinubu has left no stone unturned […] The post FG determined to revolutionise agriculture with N1.5trn recapitalisation of BOA – Minister appeared first on The Sun Nigeria.

Politics

7 d. ago Nigeria faces reduced number of banks as mergers, acquisition pressure intensify

Tribune Online Nigeria faces reduced number of banks as mergers, acquisition pressure intensify Nigeria’s banking sector is on the cusp of another consolidation wave as Tier-2 and smaller banks face mounting pressure to merge or be acquired ahead of the Central Bank of Nigeria’s (CBN) March 2026 recapitalisation deadline. With new minimum capital requirements of N500 billion for international banks, N200 billion for national banks, and N50 billion […] Nigeria faces reduced number of banks as mergers, acquisition pressure intensify Tribune Online

Politics

2 w. ago 1,000 women traders receive grant to boost small scale businesses in Delta

Tribune Online 1,000 women traders receive grant to boost small scale businesses in Delta At least 1,000 women traders in Delta State have been empowered with financial grants to support and expand their small-scale businesses. 1,000 women traders receive grant to boost small scale businesses in Delta Tribune Online

Politics

2 w. ago Here are banks that have met capital rules ahead of 2026 deadline

With less than seven months to the Central Bank of Nigeria’s 31 March 2026 recapitalisation deadline, several Nigerian lenders have read more Here are banks that have met capital rules ahead of 2026 deadline

Politics

3 w. ago Race to recapitalisation: 6 listed banks meet CBN’s requirement

From Adanna Nnamani, Abuja Six deposit money banks out of the 13 listed on the Nigerian Exchange (NGX), have so far met the stringent new capital thresholds set by the Central Bank of Nigeria (CBN). They include Access Bank, Zenith Bank, Guaranty Trust Bank (GTBank), Wema Bank, Jaiz Bank, and Stanbic IBTC. The capital recapitalisation […] The post Race to recapitalisation: 6 listed banks meet CBN’s requirement appeared first on The Sun Nigeria.

Politics

3 w. ago NAICOM pushes reforms, partners FinTech, NESG to modernise insurance sector

Tribune Online NAICOM pushes reforms, partners FinTech, NESG to modernise insurance sector THE National Insurance Commission (NAICOM) has stepped up efforts to modernise Nigeria’s insurance industry by forging new strategic alliances with the FinTech Association of Nigeria and the Nigerian Economic Summit Group (NESG). The partnerships are expected to accelerate digital adoption, expand financial inclusion, and position the sector as a stronger contributor to national economic growth. […] NAICOM pushes reforms, partners FinTech, NESG to modernise insurance sector Tribune Online

Politics