banks recapitalisation

UBA Raises N355.2 billion Of N500bn CBN’s Capital Requirement

UBA Raises N355.2bn Of N500bn CBN’s Capital Requirement

The United Bank for Africa (UBA) has raised N355.2 billion out of the N500 billion new capital requirement mandated by the Central Bank of Nigeria (CBN). Chairman, UBA Group, Mr Tony Elumelu,

Victor Ezeja

April 26, 2025

Recapitalization: Banks In Last Lap To Meet Deadline

Opinion

Recapitalisation: Banks In Last Lap To Meet Deadline

With only 15 months left for banks to meet the deadline for the new share capital benchmarks, the Central Bank has warned that the March 2026 deadline will not be shifted. Speaking

Etim Etim

December 27, 2024

Business

Access Bank Raises N351bn, Emerges First Nigerian Bank To Meet CBN’s N500bn Capital Requirement

Access Holdings Plc has announced that it has raised a target of N351 billion through its rights issue of 17,772,612,811 Ordinary Shares of 50 Kobo each at N19.75 Kobo per share. The

Victor Ezeja

December 26, 2024

UBA FY 2024: Profit Rises To ₦766.6 billion, Declares N3.00 Kobo Final Dividend

Business·News

UBA To Raise N239.4bn Through Rights Issue

United Bank for Africa (UBA) Plc, has announced plans to raise N239.4 billion through a Rights Issue of 6,839,884,274 ordinary shares of 50 kobo each at N35.00 per share. The Rights Issue,

Admin

November 15, 2024

Business·Markets·News

Nigerian Banks Raise N1.27trn In Race For Recapitalisation

Nigerian Banks Secure N1.27 Trillion Amid Recapitalisation Push Nigerian banks have raised N1.27 trillion as part of an ongoing recapitalisation exercise mandated by the Central Bank of Nigeria (CBN). Since the announcement

Emmanuel Ochayi

October 23, 2024

6 Factors Behind Poor Performance Of Nigeria’s Oil & Gas Stocks This Year

Business·Markets·News

Banks’ Recapitalisation Drives 44% Surge In Nigeria’s Equity Market

Banks’ Recapitalisation Spurs Market Growth The ongoing banks’ recapitalisation exercise has significantly impacted Nigeria’s equities market, with transactions surging by 44% in the first seven months of 2024. Deals on the Nigerian

Emmanuel Ochayi

August 28, 2024

Naira Strengthens By N63.72 Against Dollar In January As CBN Policies Boost Confidence

Business·Finance & Economy·News

Unity, Providus Banks Merger Will Avert Systemic Risks, Boost Financial System – CBN

The Central Bank of Nigeria (CBN) has said the proposed merger between Unity Bank and Providus Bank Limited will help avert systemic risks and boost the stability of Nigeria’s financial system. The

Victor Ezeja

August 7, 2024

Financial Inclusion Key To Realising Nigeria's $1trn Economy Target - Cardoso

Opinion

CBN Governor Should Rethink Misaligned Twin Policies Of Capitalisation And Rate Increase – Nze Duru

These are not the best of times for the Nigerian banking industry. This is despite its increasing contribution to the National Gross Domestic Product annually. In 2023, the financial sector contributed a

Nze Chidi Duru

August 4, 2024

Business·News

Recapitalisation: Access Holdings Begins N351bn Right Rights Issue July 8

Access Holdings Plc will on on Monday, 8 July 2024, begin its N351 billion capital raise through rights issue to shareholders. Prime Business Africa reports that the move is to increase the

Victor Ezeja

July 7, 2024

Finance & Economy

Banks’ Re-capitalisation And The Issues At SEC

There is palpable anxiety in the banking industry over delays by the Securities & Exchange Commission (SEC) to approve the issuance of new securities by the banks.

Rotimi Adesina

June 25, 2024

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UBA Raises N355.2bn Of N500bn CBN’s Capital Requirement

Recapitalisation: Banks In Last Lap To Meet Deadline

Access Bank Raises N351bn, Emerges First Nigerian Bank To Meet CBN’s N500bn Capital Requirement

UBA To Raise N239.4bn Through Rights Issue

Nigerian Banks Raise N1.27trn In Race For Recapitalisation

Banks’ Recapitalisation Drives 44% Surge In Nigeria’s Equity Market

Unity, Providus Banks Merger Will Avert Systemic Risks, Boost Financial System – CBN

CBN Governor Should Rethink Misaligned Twin Policies Of Capitalisation And Rate Increase – Nze Duru

Recapitalisation: Access Holdings Begins N351bn Right Rights Issue July 8

Banks’ Re-capitalisation And The Issues At SEC

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