Nigeria: 8 Days to Go - 33 Banks Beat CBN Recapitalisation Deadline With N6.5trn Capital Base
Most Nigerian banks have successfully raised their capital to meet new Central Bank of Nigeria requirements ahead of an impending deadline.
Understand the project targeted by protests that regulates passenger transport by app motorcycle in the capital
A new law regulating passenger transport via motorcycle apps in Rio Branco has sparked protests due to its stringent requirements for drivers and companies.
US moves to soften capital rules: ‘Big banks can declare mission accomplished’
US federal regulators are planning to reduce capital requirements for big banks, a significant shift in banking regulations since the 2008 financial crisis, potentially benefiting major financial institutions.
FCMB hits N288.96bn capital base, awaits CBN nod
FCMB Group Plc has reached a verified capital base of N288.96 billion as it seeks to comply with the Central Bank of Nigeria's new capital requirements.
30 banks meet recapitalisation target
Thirty banks in Nigeria have fulfilled the new capital requirements set by the Central Bank as part of a financial sector recapitalisation initiative launched in 2024.
30 banks met recapitalization ahead of March deadline – CBN
Thirty banks in Nigeria have successfully met the new minimum capital requirements ahead of a March 2026 deadline set by the Central Bank of Nigeria as part of a recapitalization program aimed at strengthening the financial system.
Financial Services Commission approves ‘management improvement requirements’ for Lotte Insurance… must submit capital increase plan within 2 months
The Financial Services Commission has increased monitoring measures for Lotte Insurance, requiring a detailed capital improvement plan to be submitted within two months due to inadequate previous submissions.
Nigeria: As CBN Considers Capital Raise for MFBs, Operators Move to Strengthen Corporate Governance
The National Association of Microfinance Banks in Nigeria is focusing on enhancing corporate governance in anticipation of a potential increase in the minimum capital requirements by the Central Bank of Nigeria.
Swiss "Quaero Capital" to acquire a 120 million euro stake in "Ignitis Group"
Quaero Capital is set to acquire a 49% stake in VKJ from Ignitis Group for €120 million, aligning with European Commission requirements.
The European Central Bank imposes the largest fine on JP Morgan
The European Central Bank has imposed a record fine of €12.2 million on JP Morgan's European arm due to reporting errors regarding capital requirements and risk assessment.
Fed prepares to relax banking rules in the US in an effort to boost mortgage credit
The Federal Reserve is set to relax capital requirements for US banks to encourage more mortgage lending amid concerns about credit moving out of the banking system.
Mexico is attractive for entrepreneurship, but it must eliminate hurdles and strengthen venture capital: IE University
To attract entrepreneurs from other countries, Mexico needs to remove excessive government requirements and strengthen venture capital, according to Juan José Güemes, president of the Entrepreneurship and Innovation Center at IE University.
The banking sector demands Brussels for a proposal for regulatory simplification that reduces capital requirements
European banks are urging Brussels to propose regulatory simplifications that would lower capital requirements, claiming they are at a disadvantage compared to U.S. banks by 140 billion euros in CET 1 ratio.