Home Business Nigerian Banks Raise N1.7trn in CBN’s Recapitalization Drive
Business

Nigerian Banks Raise N1.7trn in CBN’s Recapitalization Drive

Share
CBN Orders Banks to Collect Social Media Handles From Customers
CBN Orders Banks to Collect Social Media Handles From Customers
Share
  • Ngerian banks have raised N1.7 trillion in the first phase of the Central Bank of Nigeria’s (CBN) recapitalization drive.

  • The development has contributed to a strong start for Nigeria’s banking sector in 2025, with the NGX Banking Index surging by 9.76% in January.

  • Financial experts expect the momentum to continue, with the recapitalization drive expected to deepen market liquidity and enhance financial stability

Nigerian banks have successfully raised N1.7 trillion in the first phase of the Central Bank of Nigeria’s (CBN) recapitalization drive.

This development has contributed to a strong start for Nigeria’s banking sector in 2025.

According to a corporate report obtained from the Nigerian Exchange Group, the NGX Banking Index surged by 9.76% in January.

ATTENTION: Click HERE to join our WhatsApp group and receive News updates directly on your WhatsApp!

Wema Bank Plc led the gainers with a 25.8% increase, pushing its share price from N9.10 to N11.45. FCMB Group Plc followed with a 17.55% rise, closing at N11.05 from N9.40.

Financial experts expect the momentum to continue, with the recapitalization drive expected to deepen market liquidity and enhance financial stability.

“As Nigeria’s banking industry moves towards compliance with the CBN’s new capital framework, the ongoing recapitalization drive is expected to deepen market liquidity, enhance financial stability, and sustain long-term growth in the sector,” said Managing Director of Arthur Steven Asset Management, Olatunde Amolegbe.

Nigerian banks have successfully raised N1.7 trillion in the first phase of the Central Bank of Nigeria’s (CBN) recapitalization drive.

This development has contributed to a strong start for Nigeria’s banking sector in 2025.

According to a corporate report obtained from the Nigerian Exchange Group, the NGX Banking Index surged by 9.76% in January. Wema Bank Plc led the gainers with a 25.8% increase, pushing its share price from N9.10 to N11.45. FCMB Group Plc followed with a 17.55% rise, closing at N11.05 from N9.40.

READ ALSO: Even If I Have To Become A Sweeper, APC Must Take Over Edo State – Oshiomhole

Financial experts expect the momentum to continue, with the recapitalization drive expected to deepen market liquidity and enhance financial stability.

“As Nigeria’s banking industry moves towards compliance with the CBN’s new capital framework, the ongoing recapitalization drive is expected to deepen market liquidity, enhance financial stability, and sustain long-term growth in the sector,” said Managing Director of Arthur Steven Asset Management, Olatunde Amolegbe.

CBN Approves CFA Franc Listing on Nigeria Export Proceeds Forms

The Nigeria Export Promotion Council (NEPC) has confirmed that the Central Bank of Nigeria (CBN) has approved the inclusion of the CFA Franc on Nigeria Export Proceeds (NXP) forms.

Mrs. Nonye Ayeni, Executive Director of the NEPC, disclosed this while addressing newsmen on the Non-Oil Export Performance for the year 2024 in Abuja on Friday.

Continue Reading Here

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles
NNPCL to Hand Over Nigerian Refineries to Private Firms
Business

NNPCL Slashes Fuel Price to N895 per Litre Amidst Market Competition

NNPCL has reduced the pump price of premium motor spirit (PMS) to...

Business

Naira Currency Appreciates Against US Dollar Amid Policy Reforms

The Nigerian currency, Naira, has appreciated by ₦4.59 against the US dollar,...

Business

Mauritania’s Sidi Ould Tah Elected AfDB President, Pledges to Boost Africa’s Growth

Sidi Ould Tah from Mauritania has been elected as the ninth president...

Business

NLO Slaps Two-Year Ban, Heavy Fines on Four Clubs for Match-Fixing

NLO player ban: Upholding Integrity on the Pitch. How the Suspensions Reshape...

5win
RocketplayRocketplay casinoCasibom GirişJojobet GirişCasibom Giriş GüncelCasibom Giriş AdresiCandySpinzDafabet AppJeetwinRedbet SverigeViggoslotsCrazyBuzzer casinoCasibomJettbetKmsauto DownloadKmspico ActivatorSweet BonanzaCrazy TimeCrazy Time AppPlinko AppSugar rush