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Home Business & Finance

Nigerian Financial Institutions to Discuss Bank Recapitalization at Upcoming Conference

Nnaemeka OkwarabyNnaemeka Okwara
September 10, 2024
in Business & Finance
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Nigerian Financial Institutions to Discuss Bank Recapitalization at Upcoming Conference
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The Finance Correspondents Association of Nigeria (FICAN) is all set to host its 2024 annual conference, themed “Nigeria’s Journey Towards $1tn Economy: Impact of Banks’ Recapitalisation, Opportunities for Fintechs and Real Sector”, on September 28-29. The event will attract key players from the Central Bank of Nigeria (CBN), Nigeria Deposit Insurance Corporation (NDIC), Bank of Industry, United Bank for Africa, Access Holdings Plc, among others, who will converse on how the current recapitalisation will affect the real sector.

The one-day conference, which aims to address Nigeria’s quest for a $1tn economy, will also feature keynote speeches from prominent individuals in the industry, such as NDIC Managing Director/CEO Hassan Bello, UBA CEO Oliver Alawuba, and BDAN Chairman Mustafa Chike-Obi. There will also be panel discussions with members drawn from CBN, Nigeria Sovereign Investment Authority, Nigeria Inter-Bank Settlement System, and Development Bank of Nigeria.

CBN announced a new policy in March requiring banks to meet new capital requirements by April 2026. In order to meet these guidelines, banks are exploring mergers, fresh investments, or other forms of capital infusion. The NDIC has emphasized the need for recapitalisation to build an economically resilient financial system.

Tags: bankConferencefederal characterFinancial institutionNewsNigeriaNigerian Financial Institutions to Discuss Bank Recapitalization at Upcoming Conference
Nnaemeka Okwara

Nnaemeka Okwara

Okwara Nnaemeka Emmanuel is a skilled wordsmith, passionate blogger, and content writer with a degree in Media Content, He has made a significant mark in the industry. He also holds certification in Marketing and advertising. He has honed a unique blend of creativity and strategic thinking.Driven by a belief in the power of creativity, He has established a niche for himself in diverse regions, leaving a trail of successful projects and satisfied clients. His ability to craft compelling narratives and engage audiences sets him apart in the competitive world of content creation.As a dedicated professional, He continues to push boundaries and set new landmarks in their field. Whether it's through captivating blog posts, persuasive copywriting, or innovative content strategies, Nnaemeka’s consistently delivers excellence, leaving a long lasting impact

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