CBN Demands Recapitalisation of DFIs to Bridge N230tn Gap

Domestic Investors Lead N4.65trn Bank Capital Drive, CBN Confirms

  The Central Bank of Nigeria (CBN) has formally announced the conclusion of its 24-month banking sector recapitalisation programme, with participating lenders raising a combined N4.65 trillion in fresh capital. Domestic investors accounted for 72.55 per cent of the total funds raised, contributing approximately N3.37 trillion, while international investors supplied the remaining 27.45 per cent,…

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CBN Slashes Ways and Means to N2.8 Trillion

Cardoso Signals Shift to Economic Growth

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has announced that Nigeria’s economy has successfully transitioned from a period of stabilisation to one of capital mobilisation. Speaking on Wednesday at the Africa Capital Forum in London, held on the sidelines of President Bola Tinubu’s state visit to the United Kingdom, Mr. Cardoso…

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