CBN Concludes Bank Recapitalisation, Sector Raises ₦4.65tn
By Oluwakemi Kindness The Central Bank of Nigeria CBN has announced the successful conclusion of its banking sector recapitalisation programme, with Nigerian banks raising a total of ₦4.65 trillion in new capital. The exercise, which began in March 2024, is aimed at strengthening the financial system and boosting banks’ capacity to support economic growth. Strong […]
Eight Banks Meet Recap Target as CBN Holds Rate at 27.5%
By Oluwakemi Kindness The Monetary Policy Committee has confirmed that eight banks have met the CBN’s recapitalization target, signaling progress in the ongoing financial sector reforms.” Governor of the Central Bank of Nigeria, Olayemi Cardoso, stated this in Abuja on Tuesday while briefing Newsmen on the outcome of it 301st meeting. He commended the progress […]