Recapitalisation

EFCC invites NAICOM Commissioner for Insurance Olusegun Ayo Omosehin over allegations concerning fees charged during the insurance recapitalisation exercise. NICON Insurance and Nigeria Re allege that operators faced several charges, including a one per cent fee on fresh...

August 09, (THEWILL) — After surviving the rigorous recapitalisation exercise imposed by the National Insurance Commission (NAICOM), Guinea Insurance Plc has earned a new lease of life. Yet for thousands of shareholders, the company's regulatory victory has done little...

Say FY2025 Earnings Most Impactful in Company’s Recent History July 20, (THEWILL) — FCMB Group Plc has entered what financial analysts describe as one of the most decisive phases in its corporate history, following a remarkable turnaround in its...

May 03, (THEWILL) — ‎On 28 March 2024, the Central Bank of Nigeria (CBN) announced a recapitalisation programme to produce stronger, healthier and more resilient banks that could support the goal of a $1 trillion economy by 2030. New...

April 01, (THEWILL) — The Central Bank of Nigeria (CBN) has announced the conclusion of its banking sector recapitalisation programme, revealing that Nigerian banks collectively raised ₦4.65 trillion in new capital over the 24-month exercise aimed at strengthening the...

March 30, (THEWILL) — Nigeria’s banking sector is entering a decisive moment. With the March 31, 2026 recapitalisation deadline just days away, the industry is being reshaped in real time splitting institutions into two clear camps: those that have...

March 25, (THEWILL) — The Central Bank of Nigeria (CBN) has reassured Nigerians that there is no cause for alarm over the ongoing bank recapitalisation exercise, affirming that depositors’ funds remain fully protected as the March 31 deadline for...

March 22, (THEWILL) — Nigerian banks are preparing for a new phase of growth that is expected to arise from the two-year recapitalisation process as the deadline of March 31, 2026 approaches. The post-recapitalisation phase will subject banks to...

Stock Records 4.98% Gain on NGX March 15, (THEWILL) — Market operators, investors, analysts, and industry observers have responded to the announcement made by FCMB Group regarding the successful completion of the recapitalisation of its banking subsidiary, First City Monument...

March 07, (THEWILL) — The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has said the ongoing banking sector recapitalisation programme is progressing according to schedule, with compliance activities accelerating as the March 31, 2026, deadline approaches. Cardoso...