Nigeria: Two Days to Recapitalisation Deadline, 13 Banks' Valuation Crosses N20trn From N8.08trn

Nigeria: Two Days to Recapitalisation Deadline, 13 Banks' Valuation Crosses N20trn From N8.08trn

The market value of 13 banks listed on the Nigerian Exchange Limited (NGX), has quadrupled as new capital raising and capital gains lifted banks' market value above N20 trillion two days to end of the recapitalisation exercise directed by the Central Bank of Nigeria (CBN).

CBN recapitalisation: CPPE reveals major disconnect as 32 banks meet requirement

The Centre for the Promotion of Private Enterprise, CPPE, has raised concerns over a widening gap between Nigeria’s banking sector and the real economy, despite 32 banks meeting the Central Bank of Nigeria’s recapitalisation requirement ahead of the March 31 deadline. In a statement issued on Sunday, CPPE Chief Executive Officer, Muda Yusuf, said that while banks have successfully strengthened their capital base, there is an urgent need to ensur…

Bank Recapitalisation Success Masks Weak Credit to Real Economy — CPPE - TV360 Nigeria

Muda Yusuf warns stronger banks are yet to translate into growth for businesses and households….   Nigeria’s banking sector may have emerged stronger from the latest recapitalisation exercise, but concerns are growing over whether the gains will translate into real economic impact. The Centre for the Promotion of Private Enterprise has commended the Central Bank of Nigeria for successfully executing the reform, describing it as orderly, non-disr…

Recapitalized but Not Rewired: CPPE Warns Nigeria’s Banks Still Missing the Real Economy

Nigeria’s banking sector has emerged from a sweeping recapitalization drive with stronger buffers and renewed investor interest, but a growing body of evidence suggests the core problem, how credit flows through the economy, remains largely unresolved. In a pointed policy brief released Sunday, the Centre for the Promotion of Private Enterprise argued that the country’s […] The post Recapitalized but Not Rewired: CPPE Warns Nigeria’s Banks Still…

CPPE Lauds CBN Over Recapitalisation Programme

The Centre for the Promotion of Private Enterprise (CPPE) has commended the Central Bank of Nigeria (CBN) for successfully implementing the bank recapitalisation programme. In a policy brief on Sunday in Lagos, CPPE said 32 banks met the new capital requirements without disruptions or losses. However, its Chief Executive Officer, Dr Muda Yusuf, said the stronger capital base had yet to translate into sufficient support for the real economy. He n…

Disconnect in Nigeria Banking After CBN Recapitalisation - Media Talk Africa

Nigeria’s banking sector has achieved a key regulatory milestone, but a leading economic policy think tank warns that a significant […]Read more at Media Talk Africa