Only two banks have so far been able to meet the new capital requirements prescribed by the Central Bank of Nigeria (CBN), with most of the other banks still in need of huge capital injections, ...

Fidelity Bank has indicated that it would be raising additional funds via private placements to meet the new capital ...

Fitch Ratings has said that Nigerian banks are making significant progress in raising core capital to meet new paid-in ...

Leading financial institution, Fidelity Bank Plc, has announced the successful conclusion of the first tranche of its equity ...

Fitch Ratings, a leading provider of credit ratings, commentary and research, has said that Nigerian third-tier banks are more likely ...

Nigerian banks having difficulty meeting the CBN's increased paid-in capital criteria are more likely to downgrade licenses ...

The Federal Government has initiated discussions with the International Finance Corporation (IFC), a member of the World Bank ...

Leading financial institution, Fidelity Bank Plc, has announced the successful conclusion of the first tranche of its equity capital raise ...

Fitch Ratings has said Nigerian banks are making progress in recapitalisation, ensuring compliance with CBN’s 2026 deadline and supporting business growth.

Following successful conclusion of first phase of its capital-raising activities, Fidelity Bank secured approval of ...

Fidelity Bank Plc has raised a total offer combined of N272.51 billion through right issue and public offer, which was ...

The President of the Association of Bureaux De Change Operators of Nigeria, Aminu Gwadabe, has urged the Central Bank of Nigeria to review the capital requirements for BDCs.