By Kingsley Ani The Chairman of First HoldCo Plc, Mr. Olufemi Otedola, acquired additional shares worth about N43.41 billion in the financial institution through Calvados …
Tag:
Bank Recapitalisation
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Economy
FCMB Recapitalises To Meet Nigeria CBN Revised Capital Requirement
by StakeBridgeby StakeBridge 3 minutes readBy KIngsley Ani FCMB Group Plc has completed a major capital raise designed to meet the revised minimum capital requirement for an international banking licence mandated …
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Economy
Recapitalised Banks Now Assigned Growth Responsibility
by StakeBridgeby StakeBridge 3 minutes readBy Jennete Ugo Anya The World Bank says Nigeria’s banking sector could support gross domestic product (GDP) growth above seven percent if recapitalisation forces lenders to …