Bank Recapitalization Archives - Nairametrics https://nairametrics.com/category/bank-recapitalization/ Destination for Business news and analysis from Africa's largest economy Wed, 18 Jun 2025 05:25:20 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://nairametrics.com/wp-content/uploads/2021/08/cropped-cropped-favicon-1.png?resize=75,75 Bank Recapitalization Archives - Nairametrics https://nairametrics.com/category/bank-recapitalization/ 32 32 201037849 CBN says forbearance-affected banks under close supervision  https://nairametrics.com/2025/06/18/cbn-says-forbearance-affected-banks-under-close-supervision/ https://nairametrics.com/2025/06/18/cbn-says-forbearance-affected-banks-under-close-supervision/#respond Wed, 18 Jun 2025 05:25:20 +0000 https://nairametrics.com/?p=517388 The Central Bank of Nigeria (CBN) has confirmed that banks currently affected by forbearance measures are under close supervision. 

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]]> https://nairametrics.com/2025/06/18/cbn-says-forbearance-affected-banks-under-close-supervision/feed/ 0 517388 FCMB reassures investors on forbearance loans, outlines plan to sustain dividends https://nairametrics.com/2025/06/17/fcmb-reassures-investors-on-forbearance-loans-outlines-plan-to-sustain-dividends/ https://nairametrics.com/2025/06/17/fcmb-reassures-investors-on-forbearance-loans-outlines-plan-to-sustain-dividends/#respond Tue, 17 Jun 2025 04:04:20 +0000 https://nairametrics.com/?p=517317 FCMB said its group-level earnings are sufficiently diversified to withstand temporary restrictions on dividend payments from the banking arm.

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]]> https://nairametrics.com/2025/06/17/fcmb-reassures-investors-on-forbearance-loans-outlines-plan-to-sustain-dividends/feed/ 0 517317 CBN FORBEARANCE: New RENCAP report names banks facing likely dividend suspension till 2028 https://nairametrics.com/2025/06/16/cbn-forbearance-new-rencap-report-names-banks-facing-dividend-suspension-till-2028/ https://nairametrics.com/2025/06/16/cbn-forbearance-new-rencap-report-names-banks-facing-dividend-suspension-till-2028/#comments Mon, 16 Jun 2025 21:10:56 +0000 https://nairametrics.com/?p=517314 A new research note by Renaissance Capital has revealed that several of Nigeria’s most prominent banks are facing significant exposure to regulatory forbearance loans.

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]]> https://nairametrics.com/2025/06/16/cbn-forbearance-new-rencap-report-names-banks-facing-dividend-suspension-till-2028/feed/ 1 517314 Wema Bank to raise N50 billion via private placement as it moves to meet CBN’s recapitalization target  https://nairametrics.com/2025/05/23/wema-bank-to-raise-n50-billion-via-private-placement-as-it-moves-to-meet-cbns-recapitalization-target/ https://nairametrics.com/2025/05/23/wema-bank-to-raise-n50-billion-via-private-placement-as-it-moves-to-meet-cbns-recapitalization-target/#respond Fri, 23 May 2025 10:23:37 +0000 https://nairametrics.com/?p=515894 Wema Bank has announced plans to raise N50 billion through a private placement, as part of its strategy to meet the N200 billion minimum capital requirement set by the Central Bank of Nigeria (CBN) for banks with national authorization. 

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]]> https://nairametrics.com/2025/05/23/wema-bank-to-raise-n50-billion-via-private-placement-as-it-moves-to-meet-cbns-recapitalization-target/feed/ 0 515894 FirstHoldCo nears N500 billion capitalization goal, promises higher dividend for shareholders in 2025  https://nairametrics.com/2025/05/22/firstholdco-nears-n500-billion-capitalization-goal-promises-higher-dividend-for-shareholders-in-2025/ https://nairametrics.com/2025/05/22/firstholdco-nears-n500-billion-capitalization-goal-promises-higher-dividend-for-shareholders-in-2025/#respond Thu, 22 May 2025 13:19:13 +0000 https://nairametrics.com/?p=515844 FirstHoldCo Plc has reaffirmed its commitment to meeting the N500 billion capitalization target set by the Central Bank of Nigeria (CBN), stating that it expects to achieve the requirement within a few weeks. 

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]]> https://nairametrics.com/2025/05/22/firstholdco-nears-n500-billion-capitalization-goal-promises-higher-dividend-for-shareholders-in-2025/feed/ 0 515844 Vanguard awards Olakunle Williams The Energy Icon of the Year: Celebrating the Tiger of the Energy Sector in Africa https://nairametrics.com/2025/04/11/vanguard-awards-olakunle-williams-the-energy-icon-of-the-year-celebrating-the-tiger-of-the-energy-sector-in-africa/ https://nairametrics.com/2025/04/11/vanguard-awards-olakunle-williams-the-energy-icon-of-the-year-celebrating-the-tiger-of-the-energy-sector-in-africa/#respond Fri, 11 Apr 2025 13:16:37 +0000 https://nairametrics.com/?p=513144 Wema Bank has officially announced its intention to undertake a Rights Issue of 14,286,785,417 ordinary shares of 50 kobo each, to raise N150 billion.

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]]> https://nairametrics.com/2025/04/11/vanguard-awards-olakunle-williams-the-energy-icon-of-the-year-celebrating-the-tiger-of-the-energy-sector-in-africa/feed/ 0 513144 GTCO declares record N8 per share dividend as profits soar to N1 trillion https://nairametrics.com/2025/03/28/gtco-declares-record-n8-per-share-dividend-as-profits-soar-to-n1-trillion/ https://nairametrics.com/2025/03/28/gtco-declares-record-n8-per-share-dividend-as-profits-soar-to-n1-trillion/#respond Fri, 28 Mar 2025 16:56:39 +0000 https://nairametrics.com/?p=512144 GTCO has declared a record N7 per share in final dividends, bringing its total dividend for the year to N8 per share, a record for the bank.

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]]> https://nairametrics.com/2025/03/28/gtco-declares-record-n8-per-share-dividend-as-profits-soar-to-n1-trillion/feed/ 0 512144 Zenith Bank post record N1 trillion profit after tax for 2024 FY https://nairametrics.com/2025/03/27/zenith-bank-post-record-n1-trillion-profit-after-tax/ https://nairametrics.com/2025/03/27/zenith-bank-post-record-n1-trillion-profit-after-tax/#respond Thu, 27 Mar 2025 09:42:02 +0000 https://nairametrics.com/?p=512025 Zenith Bank Plc has released its 2024 FY results, reporting a record profit after tax of N1.03 trillion.

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]]> https://nairametrics.com/2025/03/27/zenith-bank-post-record-n1-trillion-profit-after-tax/feed/ 0 512025 UBA records its highest-ever profit of N766.5 billion in FY 2024 https://nairametrics.com/2025/03/24/uba-records-its-highest-ever-profit-of-n766-5-billion-in-2024-declares-n3-dividend/ https://nairametrics.com/2025/03/24/uba-records-its-highest-ever-profit-of-n766-5-billion-in-2024-declares-n3-dividend/#respond Mon, 24 Mar 2025 13:53:23 +0000 https://nairametrics.com/?p=511733 United Bank for Africa Plc has released its audited financial results for the year ending December 31, 2024, reporting a post-tax profit of N766.5 billion for the group.  

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]]> https://nairametrics.com/2025/03/24/uba-records-its-highest-ever-profit-of-n766-5-billion-in-2024-declares-n3-dividend/feed/ 0 511733 VFD Group approves N5 Billion capital injection for V Bank, indicates intention  https://nairametrics.com/2025/02/20/vfd-group-approves-n5-billion-capital-injection-for-v-bank-indicates-intention/ https://nairametrics.com/2025/02/20/vfd-group-approves-n5-billion-capital-injection-for-v-bank-indicates-intention/#respond Thu, 20 Feb 2025 12:37:17 +0000 https://nairametrics.com/?p=509400 VFD Group announced that its board has approved a capital injection of N5 billion into VFD Microfinance Bank (V Bank), dated February 18, 2025. 

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]]> https://nairametrics.com/2025/02/20/vfd-group-approves-n5-billion-capital-injection-for-v-bank-indicates-intention/feed/ 0 509400 Sterling Holdings pre-tax profit surges by 97% to N44.753 billion in 2024  https://nairametrics.com/2025/02/02/sterling-holdings-pre-tax-profit-surges-by-97-to-n44-753-billion-in-2024/ https://nairametrics.com/2025/02/02/sterling-holdings-pre-tax-profit-surges-by-97-to-n44-753-billion-in-2024/#respond Sun, 02 Feb 2025 15:42:45 +0000 https://nairametrics.com/?p=507932 Sterling Financial Holdings Company Plc has released its unaudited interim results for the year ended December 31, 2024, reporting an impressive 97.21% YoY increase in pre-tax profit to N44.753 billion. 

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]]> https://nairametrics.com/2025/02/02/sterling-holdings-pre-tax-profit-surges-by-97-to-n44-753-billion-in-2024/feed/ 0 507932 Stanbic IBTC’s pre-tax profit surges 76% to N304 Billion in 2024 https://nairametrics.com/2025/02/01/stanbic-ibtcs-pre-tax-profit-surges-76-to-n304-billion-in-2024/ https://nairametrics.com/2025/02/01/stanbic-ibtcs-pre-tax-profit-surges-76-to-n304-billion-in-2024/#respond Sat, 01 Feb 2025 09:15:21 +0000 https://nairametrics.com/?p=507862 Stanbic IBTC posted an impressive pre-tax profit of N303.8 billion, reflecting a 75.70% YoY growth.  

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]]> https://nairametrics.com/2025/02/01/stanbic-ibtcs-pre-tax-profit-surges-76-to-n304-billion-in-2024/feed/ 0 507862 FBN Holdings pre-tax profit surges by 142% to N862 billion in 2024  https://nairametrics.com/2025/01/31/fbn-holdings-pre-tax-profit-surges-by-142-to-n862-billion-in-2024/ https://nairametrics.com/2025/01/31/fbn-holdings-pre-tax-profit-surges-by-142-to-n862-billion-in-2024/#respond Fri, 31 Jan 2025 10:31:03 +0000 https://nairametrics.com/?p=507807 FBN Holdings has delivered impressive financial performance in 2024, posting a 142% YoY growth in pre-tax profit to N862.391 billion. This strong growth is driven by significant improvements across key financial metrics, despite challenges related to rising interest expenses and increasing impairments. Key highlights (2024 vs 2023):   Interest Income: N2.420 trillion +158.40% YoY Interest Expense: […]

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]]> https://nairametrics.com/2025/01/31/fbn-holdings-pre-tax-profit-surges-by-142-to-n862-billion-in-2024/feed/ 0 507807 Wema Bank’s pre-tax profit soars 134% to N102 billion in 2024  https://nairametrics.com/2025/01/31/wema-banks-pre-tax-profit-soars-134-to-n102-billion-in-2024/ https://nairametrics.com/2025/01/31/wema-banks-pre-tax-profit-soars-134-to-n102-billion-in-2024/#respond Fri, 31 Jan 2025 10:16:34 +0000 https://nairametrics.com/?p=507806 Wema Bank Plc has reported a profit before tax of N102.105 billion for the year ended December 31, 2024, marking a 134% year-over-year (YoY) growth from the previous year. The unaudited Group financial statements, reviewed by Nairametrics, reveal that the bank’s gross earnings surged by 89.61% YoY to N430.259 billion. Key highlights (2024 vs 2023):   […]

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]]> https://nairametrics.com/2025/01/31/wema-banks-pre-tax-profit-soars-134-to-n102-billion-in-2024/feed/ 0 507806 Zenith Bank completes Hybrid Offer, reveals N350.46 billion capital raise  https://nairametrics.com/2025/01/27/zenith-bank-completes-hybrid-offer-reveals-n350-46-billion-capital-raise/ https://nairametrics.com/2025/01/27/zenith-bank-completes-hybrid-offer-reveals-n350-46-billion-capital-raise/#respond Mon, 27 Jan 2025 13:19:11 +0000 https://nairametrics.com/?p=507465 Zenith Bank Plc has announced that it has obtained approval from the Central Bank of Nigeria and the Securities and Exchange Commission for its recently concluded rights offer, successfully raising N350.46 billion. 

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]]> https://nairametrics.com/2025/01/27/zenith-bank-completes-hybrid-offer-reveals-n350-46-billion-capital-raise/feed/ 0 507465 Access Holdings becomes first financial holding company to meet CBN’s N500 billion minimum capital https://nairametrics.com/2024/12/27/access-holdings-becomes-first-financial-holding-company-to-meet-cbns-n500-billion-minimum-capital/ https://nairametrics.com/2024/12/27/access-holdings-becomes-first-financial-holding-company-to-meet-cbns-n500-billion-minimum-capital/#respond Fri, 27 Dec 2024 16:41:24 +0000 https://nairametrics.com/?p=505503 Access Holdings Plc, the parent company of Access Bank, has secured “full regulatory approval” from the CBN and SEC for its Rights Issue. 

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]]> https://nairametrics.com/2024/12/27/access-holdings-becomes-first-financial-holding-company-to-meet-cbns-n500-billion-minimum-capital/feed/ 0 505503 FCMB reports 63% pre-tax profit growth for third quarter, amid surge in fees and commissions income  https://nairametrics.com/2024/12/04/fcmb-reports-63-pre-tax-profit-growth-for-third-quarter-amid-surge-in-fees-and-commissions-income/ https://nairametrics.com/2024/12/04/fcmb-reports-63-pre-tax-profit-growth-for-third-quarter-amid-surge-in-fees-and-commissions-income/#respond Wed, 04 Dec 2024 07:55:24 +0000 https://nairametrics.com/?p=503867 FCMB Group Plc has announced a pre-tax profit of N27.6 billion for the third quarter of 2024, up from N16.9 billion in the same period last year. 

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]]> https://nairametrics.com/2024/12/04/fcmb-reports-63-pre-tax-profit-growth-for-third-quarter-amid-surge-in-fees-and-commissions-income/feed/ 0 503867 FCMB Group Plc seeks board approval to raise N340 billion at December AGM, alongside other key resolutions  https://nairametrics.com/2024/11/28/fcmb-group-plc-seeks-board-approval-to-raise-n340-billion-at-december-agm-alongside-other-key-resolutions/ https://nairametrics.com/2024/11/28/fcmb-group-plc-seeks-board-approval-to-raise-n340-billion-at-december-agm-alongside-other-key-resolutions/#respond Thu, 28 Nov 2024 12:43:29 +0000 https://nairametrics.com/?p=503403 FCMB Group Plc is seeking approval from its board to raise N340 billion in capital, more than doubling its initial target of N150 billion, at the upcoming Annual General Meeting (AGM) scheduled for December 19, 2024. 

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]]> https://nairametrics.com/2024/11/28/fcmb-group-plc-seeks-board-approval-to-raise-n340-billion-at-december-agm-alongside-other-key-resolutions/feed/ 0 503403 How Bank stocks have performed after their public offers and rights issues  https://nairametrics.com/2024/11/09/how-bank-stocks-have-performed-after-their-public-offers-and-rights-issues/ https://nairametrics.com/2024/11/09/how-bank-stocks-have-performed-after-their-public-offers-and-rights-issues/#respond Sat, 09 Nov 2024 15:01:51 +0000 https://nairametrics.com/?p=501991 This article explores how banks have fared since the announcement of their public offers and rights issues 

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]]> https://nairametrics.com/2024/11/09/how-bank-stocks-have-performed-after-their-public-offers-and-rights-issues/feed/ 0 501991 UBA seeks NGX approval for N239 billion rights issue @N35 per share https://nairametrics.com/2024/11/07/uba-seeks-ngx-approval-for-n239-billion-rights-issue/ https://nairametrics.com/2024/11/07/uba-seeks-ngx-approval-for-n239-billion-rights-issue/#respond Thu, 07 Nov 2024 12:08:29 +0000 https://nairametrics.com/?p=501849 The United Bank for Africa (UBA) has announced the submission of an application to the Nigerian Exchange (NGX) for the approval and listing of a rights issue totaling 6,839,884,274 ordinary shares @N35 per share.

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]]> https://nairametrics.com/2024/11/07/uba-seeks-ngx-approval-for-n239-billion-rights-issue/feed/ 0 501849