Access Holdings has received shareholders’ approval to raise $1.5 billion from the local and international capital markets amid its recapitalisation plan. On April 19, shareholders voted in favour of the
Tag "recapitalisation"
Commercial banks’ market capitalisation has depreciated by N1.74 trillion since the Central Bank of Nigeria (CBN) directed financial institutions to conduct a recapitalisation exercise. On March 28, CBN announced an
The Centre for the Promotion of Private Enterprise (CPPE) says banks’ recapitalisation would ensure the safety of depositors’ funds. Muda Yusuf, chief executive officer (CEO) of CPPE, spoke in a
Publicly-listed commercial banks would need over N2.81 trillion to meet the recapitalisation target set by the Central Bank of Nigeria (CBN). On March 29, CBN announced an upward review of
The house of representatives has asked the Central Bank of Nigeria (CBN) to suspend the planned recapitalisation of microfinance banks
The National Insurance Commission (NAICOM) says insurance companies cannot take loans to meet the newly introduced capitalisation requirement. Speaking on
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