Tag: Recapitalization
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Recapitalization: Banks in last lap to meet deadline – By Etim Etim
With only 15 months left for banks to meet the deadline for the new share capital benchmarks, the Central Bank has warned that the March 2026 deadline will not be shifted. Speaking to this writer, a CBN director said, ‘’the idea of extension or shift of the deadline does not arise.
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Another round of bank recapitalization – By Etim Etim
Another round of bank recapitalization is here and for the next two years between April 1, 2024 and March 31, 2026, the nation’s 25 commercial and six merchant banks are expected to shore up their minimum share capital by as much as 100 per cent, in some categories.