10 h. ago Wema surpasses minimum capital requirement as N150bn rights issue gets CBN, SEC approvals

Wema Bank Plc has announced the successful completion of its N150 billion Rights Issue, which opened on April 14, 2025, read more Wema surpasses minimum capital requirement as N150bn rights issue gets CBN, SEC approvals

Politics

22 h. ago Recapitalisation: Mandatory filing to assess insurers’ capital strength

The National Insurance Commission (NAICOM) has released the guidelines for the Minimum Capital Requirement (MCR) of insurance and reinsurance companies, read more Recapitalisation: Mandatory filing to assess insurers’ capital strength

Politics

36 h. ago Insurers to submit capital requirement status on FY 2024, Q2 2025 results

as NAICOM releases guidelines The National Insurance Commission (NAICOM) has released the guidelines for the Minimum Capital Requirement (MCR) of read more Insurers to submit capital requirement status on FY 2024, Q2 2025 results

Politics

1 week ago GTCO injects N365.9bn into GTBank to meet CBN’s capital requirement

Guaranty Trust Holding Company Plc (NGX: GTCO, LSE: GTCO) has strengthened the capital base of its banking subsidiary, Guaranty Trust read more GTCO injects N365.9bn into GTBank to meet CBN’s capital requirement

Politics

2 w. ago PremiumTrust Bank Meets N200bn Capital Requirement For National Commercial Banks; Reinforcing Its Leadership As Nigeria’s Fastest

PremiumTrust Bank is delighted to announce that it has met the N200 billion minimum capital requirement for National Commercial Banks well ahead of March 2026 deadline set by the Central Bank of Nigeria (CBN) through a successful capital raise of Rights Issue and Private placement offerings, as part of the ongoing banking sector recapitalization exercise. […]

Politics

3 w. ago NAICOM Sets July 2026 Deadline For New Insurance Capital Requirements

The National Insurance Commission (NAICOM) has granted insurers and reinsurers a 12-month window to meet the new Minimum Capital Requirements (MCR) introduced under the Nigeria Insurance Industry Reform Act (NIIRA) 2025. According to a circular issued by the Commission, all operators must comply with the revised MCR and applicable Risk-Based Capital (RBC) framework on or […]

Politics

4 w. ago Insurers await NAICOM pronouncement on composition of new capital

Insurance Companies in Nigeria are waiting on the National Insurance Commission’s (NAICOM’s) pronouncement on what constitute the new capital requirement read more Insurers await NAICOM pronouncement on composition of new capital

Politics