FCMB Group Plc has completed the capital raise programme for its banking subsidiary, First City Monument Bank Limited, after securing ₦242.8 billion to meet the new capital requirement for an international banking licence. It announced this in a statement issued on Sunday, March 8, and signed by the Group Chief Executive, Ladi Balogun. The financial …
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, said 16 banks have successfully met the recapitalisation requirements. He hinted at this while briefing newsmen at the 303rd Monetary Policy Committee (MPC) meeting, which concluded on Tuesday, November 25. According to the CBN governor, the Committee noted with satisfaction the sustained resilience of …
