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Proshare @proshare on x 95.5K followers
Created: 2025-07-24 13:33:51 UTC
Banks Recapitalization Watch for the Week Ended July 24, 2025
This week, market intelligence reveals that @cenbank is currently verifying @wemabank's capital raise of N150 billion. Additionally, the @SECNigeria has approved Wema Bank’s proposed N50bn capital raising, which is expected to commence in August 2025.
Sterling Financial Holdings Company, in resolutions passed at its 2nd Annual General Meeting (AGM), announced plans to raise US$400m through the establishment of a Shelf Programme.
At the just concluded 301st Monetary Policy Committee (MPC) meeting held on Tuesday, CBN Governor Olayemi Cardoso announced that eight banks have met their recapitalisation targets.
@GroupEcobank (ETI) announced plans to raise US$250m in Additional Tier X (AT1) capital through a private placement of contingent convertible notes. The bank stated that the proposed capital raise is a strategic move to strengthen its capital adequacy, enhance financial resilience, and support its long-term growth ambitions across its pan-African banking operations.
Other updates from banks regarding their capital raise and clarification on the CBN’s forbearance read
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