Managing Director of First City Monument Bank (FCMB), Yemisi Edun, has affirmed that the ongoing recapitalisation of Nigeria’s banks will help address this shortfall. Speaking at the 17th Annual Banking and Finance Conference in Abuja, Edun stressed the need for…
By Esther Agbo The proposed recapitalisation in Nigeria’s insurance sector has sparked significant debate among industry stakeholders, with opinions divided on whether it will serve as a catalyst for growth or an impediment to new entrants. Experts highlighted that while…
The Central Bank of Nigeria has reaffirmed its commitment to supporting the federal government’s target of achieving a $1tn economy. Speaking at the Afrinvest 2024 Banking Sector Report Launch, Acting Director of Financial Policy and Regulations, Mr John Onoja, representing…
In a significant stride towards fostering economic growth, Access Bank PLC, sub-Saharan Africa’s largest bank by customer base, has celebrated a landmark moment in its partnership with the Dutch Entrepreneurial Development Bank (FMO). The occasion marked the signing of a…
The Management of First City Monument Bank (FCMB) has disclosed plans to raise N150 billion between now and September 2024. The Chief Executive Officer (CEO) of FCMB Group Plc, Ladi Balogun, stated this on the sidelines of the company’s Annual…
Mr Aigboje Aig-Imokhuede, Chairman of Access Holdings Plc, says he’s confident that the bank would raise 300 million dollars in capital for Access Bank, considering the bank’s strong market position and shareholders’ support. Aig-Imokhuede said this in an interview with…
