capital

FBN Holdings has disclosed that it will be seeking shareholders’ approval to raise N300bn additional capital. In a notice of its extraordinary general meeting…
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Two people were on Saturday and Sunday killed following a renewed cult war in Awka, Anambra State. It was learnt that one of the victims was killed on Saturday on Udeke Street in…
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The Nigerian Exchange Group has indicated plans to raise about N10bn in additional capital via a rights issue. In a notice of Annual General Meeting, the group,…
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Renaissance Capital Africa report suggests that 2024 has a positive outlook for Nigeria with a strengthening currency and a rise in oil prices. Its latest…
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Twelve banks will be unable to utilise about N4.8tn in retained earnings in their coffers to strengthen their capital base in line with the new Central Bank of…
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Barely 48 hours after restating the need to increase the capital base of Deposit Money Banks for improved productivity, the Central Bank of Nigeria has…
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United Capital has grown gross revenue by 71 per cent year-on-year to N45.90bn in 2023.  According to the firm’s audited financial results for 2023, filed with…
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The Central Bank of Nigeria has announced the increment of the capital base for commercial banks with international authorisation to N500bn and national banks…
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The Central Bank of Nigeria (CBN) has pegged the minimum capital base for commercial banks with international authorisation at N500 billion. In a circular signed by the Director,…
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The newly launched Human Improvement Index report for 2023/24 by the United Nations Improvement Program (UNDP) has revealed that…
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