Tag
NIGERIA BANK
The Central Bank of Nigeria (CBN) has issued a sweeping directive to Domestic Systemically Important Banks (DSIBs) mandating early succession planning for their Managing Directors/Chief Executive Officers (MD/CEOs) and other top executives.
The Federal High Court in Abuja has ordered the final forfeiture of $7 million recovered from the vault of a commercial Bank to the Federal Government of Nigeria.
A scenario analysis assuming a share capital requirement of N300 billion for Tier 1 banks, N150 billion for Tier 2 banks, and N50 billion for regional banks indicates a potential capital raise for most banks.