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.
Recapitalised banks key to Nigeria’s $1tn economy push – Cardoso
Nigeria's banking sector is becoming a critical component in the country's goal to achieve a $1 trillion economy through a recent recapitalisation initiative.
Coronation Merchant Bank completes N50 billion recapitalisation exercise
Coronation Merchant Bank has successfully raised its paid-up capital to over N50 billion through a recapitalisation programme involving a rights issue and private placement.
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.
Nigeria: Sterling Financial Holdings Confirms Full Recapitalisation of Banking Subsidiaries
Sterling Financial Holdings has confirmed the full recapitalization of its banking subsidiaries in accordance with new regulatory requirements from Nigeria's central bank.
Summit Bank hits N15.3bn capital base
Summit Bank has reached a regulatory capital base of N15.3 billion, surpassing the Central Bank of Nigeria's minimum requirement for regional non-interest banks and ensuring its growth ahead of the 2026 recapitalization deadline.