3 articles tagged with “recapitalisation”
Signature Bank Limited has exceeded Nigeria's N50 billion minimum capital requirement for regional banks through a rights issue, becoming one of the first institutions to comply with the Central Bank's recapitalisation directive.
Optimus Bank has met the Central Bank of Nigeria's recapitalisation requirements with 28 days to spare, raising its paid-up capital to N200 billion, while the Senate Finance Committee withdraws its recommendation to remove the CAC Registrar-General.
Mid-tier and smaller Nigerian banks are struggling to meet the Central Bank of Nigeria's recapitalisation requirements as the deadline nears, while major lenders have successfully raised capital, creating a two-tier banking system.