The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has reaffirmed the apex bank’s commitment to...
FCMB Group Plc has praised CBN, SEC, and the NGX for their key support in completing the first phase of its capital-raising program, stating that the NGX Invest platform enabled 40,000 investors to participate in its public offer.
Barrister Yinka Edu, partner and Head of Fintech, Banking & Finance, and Capital Markets at Udo Udoma & Belo-Osagie, has asserted that the new regulations introduced after the 2005 bank recapitalization exercise, including stricter margin lending rules and increased Central Bank of Nigeria oversight, have significantly strengthened Nigeria's banking system.
The Managing Director and Business Officer of Optimus by Afrinvest, Ayodeji Ebo, has pointed out that the success of banks’ recent public offers and their recapitalization efforts will hinge on their effectiveness in attracting foreign investors.
A financial expert and founder of KSBC Knowledge Resources Limited, Mr. Chika Mbonu, has advised Nigerian investors not to venture into the ongoing banking public offers if they are not willing and ready to wait for at least five years.
The Corporate Affairs Commission (CAC) has announced guidelines for the recapitalization and merger of banks and other financial institutions, among other matters.
The Board of UBA Plc will seek shareholders’ approval to issue 10.8 billion new ordinary shares during the bank’s annual general meeting, as the group tries to raise its share capital from N17.099 billion to N22.5 billion.
In order to meet the new regulatory requirement set by NAICOM, six insurance companies have made known their plans to merge.
