Fitch Ratings, a leading provider of credit ratings, commentary and research, has said that Nigerian third-tier banks are...
Wema Bank ALAT has successfully concluded the first tranche of its recapitalisation exercise having secured all relevant regulatory approvals for the allotment of its N40bn Rights Issue which was initiated in December 2023.
The SEC is partnering with the Central Bank of Nigeria (CBN) and other relevant agencies to ensure a smooth process.
The exclusion of retained earnings from the computation of minimum capital by the CBN is likely to lead to increased dividend payouts by banks over the next few years.
Indications suggest that the CBN would announce a recapitalisation plan this year as commercial banks start to prepare ahead of this move.
Six insurance companies have notified NAICOM of their plans to merge as part of their efforts in meeting up with the regulator’s recapitalisation requirements.
SEC has declared its support for insurance firms seeking to take advantage of long term investments in the capital market. #SEC #NSIA #RECAPITALISATION
Insurance recapitalisation is counterproductive. #MUTUALBENEFIT #NAICOM
The Director, Policy & Regulation, Directorate of the National Insurance Commission (NAICOM), Pius Agboola, has hinted that Insurance Companies would no longer be allowed to borrow for recapitalization.
Sequel to its directive that mandated insurance and reinsurance firms to raise their capital base, NAICOM has issued a new circular.
President Muhammadu Buhari has thrown his weight behind NAICOM's commitment to recapitalise insurance firms in Nigeria's insurance sector.
The Nigerian Stock Exchange (NSE) will dialogue with the Central Bank of Nigeria (CBN), in order to implement fresh recapitalisation for banks.
