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Jennete Ugo Anya
- February 19, 2025
Fitch: Tier-3 Banks May Face Mergers, or Licence Downgrades
Fitch Ratings has cautioned that Union Bank of Nigeria (UBN) and other tier-3 banks in the country may be forced into mergers, acquisitions, or licence downgrades due to their struggles in meeting the Central Bank of Nigeria’s (CBN) new paid-in capital requirements. Also read: How Investor Relations Can Boost Trust Amid Nigeria’s Banking Shake-Up In […]
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- February 17, 2025
Fidelity Bank Plans To Raise Funds Via Private Placement
Fidelity Bank has announced plans to raise additional funds through private placements in order to meet the new capital threshold set by the Central Bank of Nigeria for banks operating within the country. The bank’s recent extraordinary general meeting approved the resolution to issue up to 20 billion ordinary shares of 50 kobo each, which […]
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- February 11, 2025
How Investor Relations Can Boost Trust Amid Nigeria’s Banking Shake-Up
By Enam Obiosio With Nigeria’s banking sector poised for a new wave of mergers and acquisitions (M&A) following the Central Bank of Nigeria’s (CBN) latest recapitalisation requirements, the spotlight is once again on investor relations (IR) as a critical tool for success. While recapitalisation policies aim to strengthen the banking sector and enhance resilience, they […]
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- December 13, 2024
Banks’ Recapitalisation, New Listings Push NGX Market Cap by ₦18.2trn
The Nigerian Exchange Limited (NGX) has recorded remarkable growth in 2024, with its market capitalisation surging by ₦18.2 trillion, reaching ₦59.107 trillion at the end of November. This represents a 44.5 percent increase from ₦40.918 trillion at the start of the year, despite economic challenges and rising interest rates. The All-Share Index (ASI) also saw […]
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