The Central Bank of Nigeria (CBN) warns that without stronger governance and risk discipline, the success of the country’s ongoing bank recapitalisation programme is at risk. Dr Blaise Ijebor, Director …
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Tag:
Recapitalisation
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Business & Economy
NAICOM Confirms 20 Insurers Ready for Recapitalisation Verification
by Eniola Graceby Eniola GraceLagos: The National Insurance Commission (NAICOM) says 20 insurers have applied for verification under the recapitalisation exercise. The July 31 deadline stands. Mr Olusegun Omosehin, NAICOM Commissioner for Insurance and …
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Business & Economy
Nigeria Raises Capital Requirements in Securities Industry Overhaul
by Toye Faleye & Reutersby Toye Faleye & ReutersABUJA: Nigeria’s markets regulator has significantly increased capital requirements for the securities industry. The minimum for brokers has tripled, and new multi-billion-naira thresholds now apply to underwriters, exchanges, and fund …
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News Across the Nation
FirstBank MD Projects Stability, Credit Expansion as Nigeria Enters 2026 with Stronger Momentum
Alebiosu says easing inflation, reforms, and investor confidence will drive growth of up to 10% this year. Lagos: The Managing Director of First Bank of Nigeria Ltd., Mr. Olusegun Alebiosu, …
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News Across the Nation
Licence Revocation: Abuja Court Declines Aso Savings, Union Homes’ Bid Against CBN, NDIC
Abuja: The Federal High Court in Abuja has declined to grant an interim application seeking to restrain the Central Bank of Nigeria (CBN) and the Nigeria Deposit Insurance Corporation (NDIC) …
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Lagos: The insurance sector took centre stage on the Nigerian Exchange Ltd. (NGX) this week, driving market momentum with a staggering ₦6.2 billion in trade volume. A total of 17 …
