07/06/2025
Recapitalisation: Banks in Race to Scale CBN?s Hurdle
Breaking | 22 seconds ago *Apex bank upbeat Nume Ekeghe With exactly 296 days to the March 31, 2026, deadline set by the Central Bank of Nigeria (CBN) for commercial banks to raise their capital, operators in the industry are entering a critical phase of what has been described as the most consequential regulatory shakeup in over a decade. The ambitious exercise has set the financial sector on edge, triggering a flurry of boardroom strategy sessions that have seen some financial institutions completely raise the required amount for their banks, engage in business combination talks, and share sales in the capital market. As the countdown intensifies, banks face a stark choice: bulk up or risk...
