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Business

Banks Recapitalisation Will Boost $1tn Economy, Says Cardoso

The Governor, Central Bank of Nigeria (CBN) Olayemi Cardoso on Wednesday reaffirmed the bank’s commitment to supporting the federal government’s target of achieving a...
Business

GTCO Seeks SEC Approval For N500bn Offering To Recapitalise GTBank

Guaranty Trust Company Plc (GTCO), the parent company of Guaranty Trust Bank Ltd (GTBank) has filed for the Securities and Exchange Commission’s (SEC) approval...
Business

SEC To Issue Capital Market Framework On Banks Recapitalisation Soon –Ag. DG

The Securities and exchange Commission has said that it will soon issue a framework that will guide the capital market in the proposed recapitalisation...
Business

We Are Not Putting Excessive Pressure On Banks To Raise New Capital- Cardoso

The Central Bank of Nigeria has said that it is not putting banks under pressure to meet the new capital requirement imposed on them.Cardoso...
Business

Bank Recapitalisation: Wema Bank Seeks Shareholders’ Approval For Possible Merger, Acquisition, Takeover

Nigeria’s fifth oldest bank, Wema Bank Plc, is seeking shareholders’ approval for measures like merger and acquisition, takeover, or business combination to meet the...
Business

Why We Excluded Retained Earnings From Banks Capitalisation Requirement- CBN

The Director of the Financial Policy and Regulatory Department (FPRD) at the Central Bank of Nigeria (CBN), Haruna B. Mustafa has said that the...
Business

Recapitalisation: No Need For Panic, Banks Assure Customers

The Association of Corporate and Marketing Communication Professionals of Banks (ACAMB) has said it welcomed the release of the circular of the Central Bank...
Business

Why We Are Silent On CBN’s Banking Sector Recapitalization— NACCIMA

The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has said it needed comprehensive details on the Central Bank of Nigeria...
Business

Security Agencies To Enforce Banks’ Recapitalisation — CBN

The Central Bank of Nigeria (CBN) on Friday revealed that it is employing the services of security agencies to enforce the new banking sector...

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