recapitalisation
15 Nov
Stakeholders have called for the recapitalisation of the country’s 11 Distribution Companies (DisCos) with over $5.5 billion to avert the total collapse of the electricity sector amid the destruction of 119 power transmission towers in the last 10 months.
28 Aug
As the recapitalisation process takes shape, the Association of Securities Dealing Houses of Nigeria (ASHON) has warned Deposit Money Banks (DMBs) to desist from bypassing stockbrokers as receiving agents and comply with market rules to forestall abuse of processes capable of causing infractions in the exercise.
6 May 2024
With banks and other operating firms seeking to raise over N3 trillion from the capital market in the coming months, there are growing doubts that the Nigerian economy can soak the expected fundraising pressure.
23 Apr 2024
Nigerian insurance companies may join banks soon to source for fresh funds to inject into the industry as a staunch advocate of the muted recapitalisation, Olusegun Omosehin, assumes office soon as the new Commissioner for Insurance and Chief Executive Officer of the National Insurance Commission
15 Apr 2024
The Central Bank of Nigeria (CBN) requires tier 1 banks to raise their Capital (defined as share capital plus share premium) to N500 billion. The options available to banks are right are a private placement, a public offer to the general public and a right issue for existing shareholders.
12 Apr 2024
Worried by the growing housing deficit in the country, real estate experts have advocated the recapitalisation of mortgage banks in the country.
8 Apr 2024
Less than a week into the effective date of the exercise, the recapitalisation programme of banks may face its first acid test in the coming days as influential bank owners and top bankers have started throwing spanners into the implementation...
8 Apr 2024
During a congressional hearing last month, Senator Elizabeth Warren accused the Chair of the United States Federal Reserve, Jerome Powell: "When the heat was on last year, you talked a lot about getting tougher on the banks.
5 Apr 2024
Another round of bank recapitalisation is here and for the next two years between April 1, 2024 and March 31, 2026, the nation’s 25 commercial and six merchant banks are expected to shore up their minimum share capital by as much as 100 per cent...
19 Feb 2024
As Nigeria charts its course through current economic headwinds, the path forward remains uncertain especially with the planned recapitalisation of banks mostly likely to headline the course of the financial system in the year.
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