Tag: Financial Stability

CBN recapitalisation attracts N4.61tn as Nigerian banks strengthen for economic shocks

Business Damilola Bayonle -
CBN Recapitalisation Drives N4.61tn Capital Inflow Into Nigerian Banks Nigeria’s banking sector has recorded a significant boost in investor confidence,...

Nigerian banks mobilise N4tn as CBN recapitalisation deadline nears

Business Damilola Bayonle -
Recapitalisation: Banks raise N4tn ahead of March deadline Nigeria’s banking sector has mobilised N4.05tn in verified capital as the March...

CBN Governor Cardoso Pushes Bold Plan to Accelerate Africa Industrialisation and Climate-Smart Growth

Business Damilola Bayonle -
CBN governor urges banks to drive Africa industrialisation amid climate risks The Governor of the Central Bank of Nigeria (CBN),...

NDIC moves to seize assets, freeze accounts as debt recovery drive intensifies

Business Damilola Bayonle -
NDIC steps up debt recovery from failed banks The Nigeria Deposit Insurance Corporation has launched a renewed offensive against chronic...

Banking sector enters powerful new wra as recapitalisation exercise gains strong momentum

Business Damilola Bayonle -
Nigeria’s Recapitalisation Exercise Reshapes Banking Stability and Investor Confidence Nigeria’s financial sector is witnessing one of its most ambitious reforms...

NDIC, CIBN partner to tackle emerging risks in the banking sector

Business Damilola Bayonle -
The Nigeria Deposit Insurance Corporation (NDIC) and the Chartered Institute of Bankers of Nigeria (CIBN) have agreed to deepen...

CBN to Monitor Recapitalising Banks Amid Ongoing Reforms

Business Damilola Bayonle -
CBN to Monitor Recapitalising Banks as Financial Reforms Deepen The Central Bank of Nigeria (CBN) has reaffirmed its commitment to...

CBN, Brazil Central Bank boost strategic ties on fintech and remittances

Business Damilola Bayonle -
The Central Bank of Nigeria (CBN) and Brazil’s Central Bank have opened a new chapter in economic diplomacy as...

CRMI: Shettima, Edun drive bold national risk culture at conference

Business Damilola Bayonle -
Nigeria’s Vice President, Kashim Shettima, alongside Minister of Finance Wale Edun, Governor of the Central Bank of Nigeria (CBN),...

NDIC Begins N54.6bn Payout to Heritage Bank Depositors

Business Damilola Bayonle -
In a landmark development marking progress in Nigeria’s banking resolution efforts, the Nigeria Deposit Insurance Corporation (NDIC) has announced...

CBN Suspends Dividends, Foreign Investments for Underperforming Banks

News Damilola Bayonle -
A step to fortify Nigeria’s banking system and promote financial stability, the Central Bank of Nigeria (CBN) has issued...