• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Sunday, June 1, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Recapitalisation: NDIC, BoI, BDAN, Others To Discuss $1trn Economy

by BUKOLA ARO-LAMBO
9 months ago
in Business
Recapitalisation: NDIC
Share on WhatsAppShare on FacebookShare on XTelegram

As banks in the country continue to strive towards meeting the new capital requirements set by the Central Bank of Nigeria (CBN), regulators as well as stakeholders are set to discuss the impact of the recapitalisation on the $1 trillion economy postulated by the Bola Tinubu led government.

Advertisement

Consequently, alongside the CBN, the Nigeria Deposit Insurance Corporation (NDIC), the Bank of Industry (BoI), the  United Bank for Africa, Access Holdings plc and a host of other banking and financial institutions will be speaking at the 2024 conference of the Finance Correspondents Association of Nigeria (FICAN).

Themed “Nigeria’s Journey Towards $1 Trillion Economy: Impact of Banks’ Recapitalisation, Opportunities for Fintechs and Real Sector”, the conference holding  between 28 and 29th September 2024 will have the managing director and chief executive of the NDIC Hassan Bello deliver the keynote address while the guest speakers are: the managing director and chief executive UBA Oliver Alawuba and the chairman, Bank Directors Association of Nigeria (BDAN) Mustafa Chike-Obi.

The NDIC has been a supporter of the CBN over its move to recapitalise banks, saying the apex bank’s decision will achieve economic resilience in the country. The CBN on March 28, 2024  issued a circular announcing a new recapitalisation policy for commercial, merchant, and non-interest banks in Nigeria, effective from April 1, 2026.

To meet the latest minimum capital requirements, banks have been considering the following options: inject fresh equity capital through private placements, rights issues, and/or offer for subscription; mergers and acquisitions (M&As) and  upgrade or downgrade of licence authorisation in the event lenders cannot meet up with the new rules of engagement.

RELATED

Manufacturer’s Capacity Utilisation, Production Volume, Investment Decline In Q4

Manufacturing Sector Full Potential Remains Untapped – MAN

4 hours ago
Nigeria’s Crude Export To US Hit Highest Level In 6 Years

Nigeria’s Crude Export To US Hit Highest Level In 6 Years

4 hours ago

The Bank of Industry (BoI) has been committed to backing steadfast local businesses, emphasising the bank’s dedication to supporting critical sectors that are contributing to Gross Domestic Products (GDP) growth.

According by the executive of FICAN, there will be a Panel Discussion in which representatives of the following organisations will participate: Central Bank of Nigeria, Nigeria Sovereign Investment Authority (NSIA), the Nigeria Inter-Bank Settlement System, Bank of Industry, Parthan Partners and Development Bank of Nigeria

FICAN is the umbrella body of journalists and business editors reporting the financial sector of the Nigerian economy. The Association has a membership of over 150 journalists working in print, broadcast and online media platforms.

The annual conference is a capacity building and agenda-setting forum, designed to deepen financial journalists’ understanding of developments in the economy and enhance quality of reportage.

The conference    is   a critical   capacity   building   project   of   the   Association, aimed   at elevating the practice of financial journalism in the country

 

 


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

Breaking NEWS: Nigerians can now earn in US Dollars, acquire ultra premium domains for low and sell for super profit. Our client acquired a domain for $3715 and got it sold for $42,000. Click here to see how you too can profit from the business.


Tags: Nigeria Deposit Insurance Corporation(NDIC)
SendShareTweetShare
Previous Post

Investor Cries Out As Land Racketeers Move To Defraud Him.

Next Post

Akada Book Festival To Promote Children’s Literacy

BUKOLA ARO-LAMBO

BUKOLA ARO-LAMBO

You May Like

Manufacturer’s Capacity Utilisation, Production Volume, Investment Decline In Q4
Business

Manufacturing Sector Full Potential Remains Untapped – MAN

2025/06/01
Nigeria’s Crude Export To US Hit Highest Level In 6 Years
Business

Nigeria’s Crude Export To US Hit Highest Level In 6 Years

2025/06/01
Business

Stakeholders Advocate More Engagement As Kano Hosts NATCO 2025

2025/06/01
Dyna.Ai Launches Operations In Nigeria
Business

Dyna.Ai Launches Operations In Nigeria

2025/06/01
Eko DisCo Battles Energy Theft, Vandals, Secures 2 Convictions
Business

Eko DisCo Battles Energy Theft, Vandals, Secures 2 Convictions

2025/06/01
Anietie Udoh Calls For Ethical Storytelling In African Brand Campaigns
Business

Anietie Udoh Calls For Ethical Storytelling In African Brand Campaigns

2025/05/31
Leadership Conference advertisement

LATEST

Manufacturing Sector Full Potential Remains Untapped – MAN

Nigeria’s Crude Export To US Hit Highest Level In 6 Years

Stakeholders Advocate More Engagement As Kano Hosts NATCO 2025

Dyna.Ai Launches Operations In Nigeria

Firm Submits Engineering Audit Report To NUPRC

Eko DisCo Battles Energy Theft, Vandals, Secures 2 Convictions

Fuel And Go: Mastering The Hybrid Athlete’s Plate

We’re Advancing Digital Inclusion In Nigeria – Arowosafe

Period Talk Is Public Health: Why Menstrual Health Matters

Midterm Review: Poor Implementation Still Bane Of Health Reforms

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.