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.
