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Recapitalisation

Mary Uduk - The Securities and Exchange Commission (SEC) has urged investors with multiple shareholding accounts to regularise such before December 31, 2019.

SEC may announce new recapitalisation programme for operators

Capital market operators should be bracing up for recapitalisation programme as indications emerged that the Securities and Exchange Commission (SEC) may introduce new minimum capital requirements.

TCN: Why we will not wait for DisCos’ recap

The Transmission Company of Nigeria (TCN) on Tuesday said its network development will not wait for the recapitalisation of the Distribution Companies of Nigeria (DisCos), because it takes a shorter time to fix distribution infrastructure.

Recapitalisation: Insurers praise NAICOM on deadline extension

The Nigerian Insurers Association (NIA) has commended the National Insurance Commission (NAICOM) for its recent extension of deadline for recapitalisation of insurance and reinsurance companies in the country, describing it as a step in the right direction.

2020: A year to turn around insurance industry – NAICOM

The National Insurance Commission (NAICOM) says 2020 is a year to turn around the fortunes of the insurance industry.

NAICOM extends recapitalisation deadline for insurance, reinsurance companies by six months

The National Insurance Commission (NAICOM) has extended the recapitalisation deadline for Insurance and Reinsurance Companies earlier slated for June 30, 2020, to December 31, 2020.
The Minister of Power, Mr Saleh Mamman, has assured Nigerians that effective metering will tackle the challenges of liquidity and energy theft in the power sector.

Minister: Effective metering will tackle liquidity challenge

The Minister of Power, Mr Saleh Mamman, has assured Nigerians that effective metering will tackle the challenges of liquidity and energy theft in the power sector.

NAICOM to indemnify investors of failed companies

Against the backdrop of ongoing recapitalisation of the insurance industry, the National Insurance Commission (NAICOM) has said it will indemnify investors of firms which failed to meet the recapitalisation exercise.
The Federal Mortgage Bank of Nigeria (FMBN) plans to recapitalise to the tune of N500 billion, its Managing Director, Mr Ahmed Dangiwa, has said.

Federal mortgage bank seeks N500 billion recapitalisation fund

Mr. Umar Dankane, Executive Director, Business Development and Portfolio Management of the Federal Mortgage Bank of Nigeria has said that the bank needs a N500 billion recapitalisation fund for optimal performance.

NAICOM: Recapitalisation will cause a shift in the market

The National Insurance Commission (NAICOM) has restated that the recapitalisation of insurance companies has the huge potential to cause a positive shift in the market and overall economic health of the country.
Mary Uduk - The Securities and Exchange Commission (SEC) has urged investors with multiple shareholding accounts to regularise such before December 31, 2019.

We’ll align 10-year master plan with current economic realities – SEC chief

Acting Director-General of the Securities and Exchange Commission (SEC), Ms. Mary Uduk at the weekend assured that the 10-year developmental master plan of the commission will be reviewed and tailored to totally align with the current economic realities.
Bank of Agriculture - BoA

Federal government to divest 60% stake in Bank of Agriculture

In the bid to restructure the Bank of Agriculture (BOA) for efficiency, the Federal Government has moved to divest 60 per cent of its stakes in the bank.
Bank of Agriculture - BoA

Minister: Federal government to finalise Bank of Agric recapitalisation in 90 days

The Federal Government says it will finalise the recapitalisation of the Bank of Agriculture (BoA) in 90 days, in collaboration with the Bureau of Public Enterprise.

CBN: Revised MFBs categories to boost operations in economy

The Central Bank of Nigeria says the revised categories of MicroFinance Banks, which give them up to April 2020 to recapitalise, is to ensure their continued operations in the economy.
Eddie Efekoha

Stakeholders charge insurers to increase capital base

The managing director/CEO, Consolidated Hallmark Insurance Plc, Mr. Eddie Efekoha, has charged his colleagues in the business of insurance to shore up their capital base, irrespective of the cancellation of the recapitalisation exercise by the National Insurance Commission (NAICOM).
Bank of Agriculture - BoA

Farmers urge federal government to recapitalise Bank of Agriculture

Mohammed Magaji, the National Publicity Secretary, All Farmers Association of Nigeria, has called on the Federal Government to recapitalise the Bank of Agriculture for effective farming activities in the country.
NAICOM

Shareholders laud NAICOM’s cancellation of insurance recapitalisation

Shareholders on Monday commended the National Insurance Commission (NAICOM) over the cancellation of the Tier Based Solvency Capital recapitalisation.

NAICOM cancels controversial insurance industry recapitalisation

The controversial recapitalisation exercise in insurance industry, tagged Tier Based Solvency Capital increase, initiated by the insurance industry regulator, the National Insurance Commission (NAICOM), has been cancelled. The commission officially announced the cancellation at the weekend through a circular dated Novermber 23, 2018 circulated to all insurance companies.

Central bank urges media collaboration in educating depositors

The Central Bank of Nigeria (CBN) has urged media practitioners to collaborate with financial regulators in the country to educate depositors on financial literacy and inclusion. The Head, Financial Inclusion Secretariat, CBN, Mrs Temitope Akin-Fadeyi...

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