<< Back             Poser >> 30 banks meet CBN recapitalisation requirements By Emma Ujah, Abuja The Central Bank of Nigeria (CBN) has disclosed that 30 banks have met the revised minimum capital requirements under its ongoing recapitalisation programme. Mrs. Hakama Sidi Ali, Acting Director of Corporate Communications at the CBN, said in a statement that the exercise, launched in 2024, aims to strengthen the resilience, stability, and long-term capacity of Nigeria’s banking sector to support economic development. “Since the introduction of the policy, banks across the industry have taken steps to strengthen their capital base in line with the revised regulatory requirements,” she said. “As of March 6, 2026, thirty banks have met the new minimum capital requirements applicable to their respective licences.” Mrs. Ali added that a total of 33 banks have raised additional capital through rights issues, initial public offerings (IPOs), and private placements as part of the programme. The remaining banks’ capital positions are undergoing CBN verification before final confirmation of compliance. She reassured that the Nigerian banking system remains stable and sound, noting that the recapitalisation programme is on track and will further enhance the sector’s capacity to support households, businesses, and sustainable economic growth. “The Central Bank of Nigeria will continue to maintain close supervisory engagement with regulated institutions to ensure full compliance with prudential and capital requirements,” she concluded. Vanguard Business News	Dangote Refinery drives historic shift as Nigeria becomes net petrol exporter The landmark development marks a decisive turnaround for Nigeria, Africa’s largest oil producer, which for decades depended heavily on imported refined petroleum products. Ghana government misses target in latest Treasury Bill auction The Ghana government has missed its borrowing target in the latest Treasury Bill auction, recording a shortfall in the total amount accepted from the market. Experts call for transparency in Ghana’s petroleum revenue management The annual report of the Public Interest and Accountability Committee (PIAC) for 2025 has thrown a spotlight on Ghana's oil and gas sector, with experts calling for improved transparency and accountability in the management of the country's petroleum revenues. Stakeholders push for stronger coordination to transform Ghana’s rice industry The Competitive African Rice Platform (CARP) Ghana, has convened its maiden stakeholder policy dialogue in Tamale to promote coordinated efforts aimed at strengthening Ghana’s rice value chain. Stock market maintains uptrend as investors gain N1.4trn in 4 days By Peter Egwuatu   The Nigerian stock market extended its bullish momentum, Week-on-Week, WoW, at the close of trading last week , as sustained institutional demand for large-cap and fundamentally resilient stocks continued to drive the Nigerian Exchange Limited, NGX benchmark Index, All Share Index, ASI, and market capitalisation  higher. Specifically, investors garnered N1.359 trillion from their […] Nigeria misses OPEC quota, produces 1.38m bpd in March In its March 2026 Monthly Oil Market Report (MOMR), OPEC stated that the figures were based on data obtained through direct communication with Nigerian authorities.