Recapitalisation – InfoStride News

Fidelity Bank to raise funds through private placement for recapitalization

Temitope Nlewemchi — Fri, 29 May 2026 00:14:48 +0000

Fidelity Bank has announced plans to raise additional capital through a private placement as part of its strategy to meet the new regulatory requirements for bank recapitalization. The move aligns with the Central Bank of Nigeria’s (CBN) directive for banks to strengthen their capital base to enhance financial stability and resilience. The private placement will [...]

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IEI share price jumps 700% as investors bet on recapitalisation

Temitope Nlewemchi — Mon, 20 Apr 2026 10:42:21 +0000

Shares of Industrial and General Insurance Plc (IEI) have surged dramatically on the Nigerian Exchange, recording a staggering gain of over 700% within a relatively short period. The sharp rally has drawn significant attention from investors and market analysts, many of whom attribute the surge to growing optimism around the company’s potential recapitalisation and restructuring [...]

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NAICOM Dismisses Extension of Insurance Recapitalisation Deadline

Temitope Nlewemchi — Thu, 19 Mar 2026 07:19:30 +0000

The National Insurance Commission has ruled out any extension of the deadline for the ongoing recapitalisation of insurance and reinsurance companies, insisting that operators must meet the stipulated capital requirements within the approved timeline. The regulator said the reform is critical to strengthening the insurance industry and enhancing its capacity to support Nigeria’s economy. NAICOM [...]

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CBN says 27 banks secure new capital in ongoing recapitalisation exercise

Temitope Nlewemchi — Thu, 19 Mar 2026 07:00:39 +0000

The Central Bank of Nigeria has confirmed that a total of 27 banks have successfully mobilised fresh capital as part of the ongoing recapitalisation programme designed to strengthen the financial system and enhance the resilience of deposit money banks. The disclosure marks a major milestone in the implementation of the banking sector reforms announced earlier [...]

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TAJBank Achieves CBN’s New Recapitalisation Target Ahead of Deadline – CEO

Temitope Nlewemchi — Wed, 24 Dec 2025 15:11:15 +0000

TAJBank Limited, one of Nigeria’s leading non-interest financial institutions, has confirmed that it has successfully met the new capital requirement set by the Central Bank of Nigeria (CBN), well before the regulatory deadline. The announcement was made by the Managing Director and Chief Executive Officer of the bank, Hamid Joda, who emphasized that the milestone [...]

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PenCom Extends Pension Recapitalisation Deadline to June 2027

Temitope Nlewemchi — Fri, 19 Dec 2025 14:38:57 +0000

The National Pension Commission (PenCom) has officially announced the extension of the pension fund administrators (PFAs) recapitalisation deadline to June 2027, giving operators additional time to meet the regulator’s revised capital requirements. The move underscores the commission’s commitment to ensuring a robust, well‑capitalised pension industry capable of protecting contributors’ savings and sustaining long‑term financial stability. [...]

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Wema Bank completed its recapitalization, surpassing the minimum capital requirement by 32%

Temitope Nlewemchi — Fri, 17 Oct 2025 18:43:52 +0000

Wema Bank Plc has successfully completed its recapitalisation exercise, achieving a capital position that exceeds the Central Bank of Nigeria’s (CBN) minimum capital requirement by 32 percent. The milestone positions the bank among the first financial institutions in Nigeria to fully comply with the apex bank’s revised capital directive ahead of schedule. The bank’s management, [...]

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CBN Intensifies Oversight on Banks Undergoing Recapitalisation

Temitope Nlewemchi — Mon, 06 Oct 2025 12:46:50 +0000

The Central Bank of Nigeria (CBN) has reinforced its supervision of commercial banks currently undergoing the recapitalisation process to ensure transparency, financial soundness, and compliance with established regulatory standards. This move is part of the apex bank’s broader effort to strengthen the resilience of the financial system and enhance the capacity of banks to support [...]

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NAICOM Issues Ultimatum to Insurers: Recapitalise or Risk Liquidation

Temitope Nlewemchi — Sat, 16 Aug 2025 06:31:24 +0000

The National Insurance Commission (NAICOM) has issued a stern warning to insurance and reinsurance firms across Nigeria, urging them to meet the recapitalisation requirements or risk facing liquidation. The move underscores the regulator’s resolve to strengthen the financial stability of the insurance sector, improve risk absorption capacity, and enhance consumer confidence in an industry that [...]

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CBN Focuses on Strengthening Banking Sector Amid Recapitalisation Drive

Temitope Nlewemchi — Mon, 04 Aug 2025 10:59:56 +0000

The Central Bank of Nigeria (CBN) has reiterated its commitment to building a robust and resilient banking sector as the country enters a new phase of recapitalisation. This follows the apex bank’s directive to commercial banks to raise their capital base in response to inflationary pressures, naira depreciation, and the evolving global financial landscape. In [...]

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