The Central Bank of Nigeria has said thirteen Nigerian banks are yet to meet up with its recapitalization requirement as the ...

At the bank’s Annual General Meeting (AGM) on Tuesday, July 16, the Managing Director Haruna Musa announced that the bank is only N1.3 billion short of the target. The bank had proactively raised ...

The great bank recapitalization plan unveiled at the European heads of state summit in Brussels won’t do much to halt the slow-motion run on bank funding that has been unfolding since the summer. In ...

The Central Bank of Nigeria (CBN's) decision to embark on recapitalization of banks was to align monetary, fiscal policies with Federal Government's vision of prosperity for the people, businesses and ...

The Securities and Exchange Commission (SEC) is developing a new framework to ensure a smooth process for the upcoming bank recapitalization. Emomotimi Agama, Acting Director General of SEC, met with ...

Patriot National Bancorp has faced significant financial struggles, including non-performing loans and a huge EPS loss in 2024. The stock surged recently due to a new CEO, Steven Sugarman, and a ...

Dr. Uju Ogunbunka, president of the Bank Customers’ Association of Nigeria, has clarified the fate of customer deposits following the Central Bank of Nigeria’s (CBN) 31st March recapitalization ...