Valuation of GTCO, Nine Other Banks Rises to N7.87tn in 2024 Amid Banking Recapitalisation Drive

To enable the banks to meet the minimum capital requirements, the CBN urged banks to consider injecting fresh equity capital through private placements, rights issues, and/or offers for subscription; Mergers and Acquisitions (M&As); and/or upgrades or downgrade of license authorisation.
THISDAY saw a significant increase in stock prices of the 10 banks in the 2024 financial year and it contributed to their market value on NGX.

To enable the banks to meet the minimum capital requirements, the CBN urged banks to consider injecting fresh equity capital through private placements, rights issues, and/or offers for subscription; Mergers and Acquisitions (M&As); and/or upgrades or downgrade of license authorisation.
THISDAY saw a significant increase in stock prices of the 10 banks in the 2024 financial year and it contributed to their market value on NGX.