recapitalisation

Shareholders Voice Concerns Over Share Reconstruction in Banking Recapitalization The Independent Shareholders Association of Nigeria (ISAN), led by its president, Moses Igbrude, has raised concerns regarding the potential implications of share reconstruction following the banking sector...

ASSIBIFI Advocates Worker Protection Amid Banking Sector Recapitalisation The ongoing recapitalisation in Nigeria’s banking sector is reshaping the industry, and the Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSIBIFI) is stepping up efforts to safeguard the...

Several Nigerian Banks Face Delays in Meeting Recapitalization Deadline Detailed Breakdown: As the June 2026 deadline set by the Central Bank of Nigeria (CBN) for recapitalization approaches, some Nigerian commercial banks are experiencing delays in raising the required capital. While...

Investor Verification Delays Bank Recapitalisation Share Allotments The recapitalisation efforts of several Nigerian banks are facing delays as the Central Bank of Nigeria’s (CBN) investor verification process stalls the allotment of shares. Following the CBN’s announcement of new capital...

SEC GUIDELINES ENHANCED TRANSPARENCY IN BANK'S RECAPITALIZATION PROCESS The Securities and Exchange Commission (SEC) has highlighted that its guidelines played a pivotal role in ensuring the transparency of Nigeria’s recent banking recapitalisation exercise. Dr. Emomotimi Agama, the...

RECAPITALISATION: ASHON ACCUSES BANKS OF SIDELINING STOCKBROKERS Main Points: 1. Accusation by ASHON: The Association of Securities Dealing Houses of Nigeria (ASHON) has accused banks of bypassing licensed stockbrokers during the ongoing recapitalisation exercise. 2. Issue with Banks: Banks...

INSURANCE SHAREHOLDERS DEMAND CLEAR RECAPITALISATION ROADMAP 1. Recapitalisation Efforts and Legislative Context: - The Nigeria Insurance Industry Reform Bill 2024 is currently progressing through the National Assembly. - This bill aims to increase the minimum capital requirements for...

UNION BANK BEGINS RECAPITALISATION Summary: Union Bank of Nigeria has initiated a recapitalisation process, as disclosed by the Managing Director/CEO, Yetunde Oni, following the release of the bank's half-year financial results. This move aligns with the Central Bank of Nigeria's (CBN)...

CAPITALISATION: BANKS ENLIST WORKERS TO BOOST CAPITAL BASE Summary: - Context: To meet Central Bank of Nigeria (CBN) recapitalisation requirements, Deposit Money Banks have mobilized employees to help increase their capital base. Details: 1. Employee Targets: - Bank employees have been...

RETAIL INVESTORS MAY SHUN BANK STOCKS AFTER N1.6TN LOSS Key Points: 1. Market Capitalisation Loss: - Total Loss: Banking stocks on the Nigerian Exchange have lost approximately N1.62 trillion in market capitalisation since the Central Bank of Nigeria (CBN) issued a recapitalisation...

CORNERSTONE INSURANCE AND ITS STANCE ON RECAPITALIZATION 1. Position on Recapitalisation - Company Readiness: - Stephen Alangbo, Managing Director of Cornerstone Insurance Plc, stated that the company is prepared for any upcoming recapitalisation measures by the National Insurance Commission...

RT BRISCOE LAUNCHES RECAPITALIZATION FUND 1. Introduction of the Fund: - RT Briscoe Nigeria Plc has launched the "R.T. Briscoe Savings and Investment Fund," a pioneering initiative that allows investors to save and invest in the company over time. - The fund is approved by the Securities...

JAIZ BANK PLANS N70BN CAPITAL BASE BY DECEMBER 2024 Jaiz Bank has announced plans to increase its capital base to N70 billion by the end of 2024, reaffirming its commitment to becoming a central hub for Islamic banking in Africa. This information was disclosed by the Chairman of the Board of...

As the banking sector recapitalisation intensifies, bank directors have been increasing their stakes in their companies. An analysis of directors' dealings with the Nigerian Exchange Limited from the end of May to June shows that bank chiefs acquired about 1.86 billion shares worth around N39.32...