banks recapitalisation

UBA Seeks To Raise N157.8bn Through Rights Issue

Business

UBA Seeks To Raise N157.8bn Through Rights Issue

In its quest to meet the Central Bank of Nigeria’s new capital requirements, the United Bank for Africa (UBA) has declared its intention to raise N157.8 billion by means of a rights

July 17, 2025

CBN And The $1 Trillion Economy

Finance & Economy·Opinion

CBN And The $1 Trillion Economy

The Central Bank of Nigeria (CBN) has keyed into the $1 trillion economy envisioned by President Bola Ahmed Tinubu by 2030. And the global management consulting firm, McKinsey and Co. is sanguine

May 15, 2025

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

Business

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,

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

December 27, 2024

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

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

December 26, 2024

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

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,

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

How Nigeria’s External Reserves Rose By 5.6% To $38.8bn In 2024 — CBN

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

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

August 4, 2024

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