3 d. ago More private placement exercise characterise recapitalisation

Tribune Online More private placement exercise characterise recapitalisation THE recapitalisation process in Nigeria’s banking sector has been marked by a surge in private placement exercises, as financial institutions seek to inject fresh capital to bolster their balance sheets and comply with regulatory requirements. This trend underscores the determination of Nigerian banks to strengthen their capital base, enhance their risk-absorbing capacity, and position themselves […] More private placement exercise characterise recapitalisation Tribune Online

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6 d. ago Recapitalisation: Banks need to raise N2.47 trillion in the next one year 

With less than a year until Nigeria’s banking recapitalization deadline, only seven banks have met or are on track to read more Recapitalisation: Banks need to raise N2.47 trillion in the next one year 

Politics

9 d. ago Debate rages over proposed Bank of Agriculture recapitalisation

From Okwe Obi The federal government’s planned recapitalisation of the Bank of Agriculture (BOA) has sharply divided experts in the food sector. While some have lauded the initiative, others describe it as another political statement. Two weeks ago, Minister of State for Agriculture and Food Security, Abdullahi Sabi, announced the move when he received the […] The post Debate rages over proposed Bank of Agriculture recapitalisation appeared first on The Sun Nigeria.

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1 week ago Five Nigerian banks make progress in recapitalisation efforts

Tribune Online Five Nigerian banks make progress in recapitalisation efforts FIVE major Nigerian banks have made progress in their recapitalization efforts, moving closer to meeting the Central Bank of Nigeria’s (CBN’s) minimum capital requirements. The banks have ramped up fundraising initiatives to strengthen their financial positions, boosting investor confidence and reinforcing stability in the banking sector. FirstHoldCo, the parent company of FirstBank, recently concluded its […] Five Nigerian banks make progress in recapitalisation efforts Tribune Online

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2 w. ago ‘CBN’s bank recapitalisation, FX reforms to strengthen economy’

The financial services sector is expected to play a pivotal role in Nigeria’s journey towards achieving a $1 trillion economy read more ‘CBN’s bank recapitalisation, FX reforms to strengthen economy’

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2 w. ago Policymakers eye economic growth with bank recapitalisation, forex reforms

Economic decision-makers are optimistic about the prospect of significant growth as financial sector regulators rally support for bank recapitalisation and foreign exchange reforms, writes FELIX OLOYEDE When President Bola Tinubu was sworn in in 2023, he expressed his ambition to grow the economy within the next eight years. Economic decision-makers also projected the economy can Read More

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