* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Sunday, August 3, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Go-to entertainment: why gaming was made for the toilet – The Guardian

    Why Gaming Is the Ultimate Way to Pass Time in the Bathroom

    Chicago Youth Symphony Orchestra takes the Lollapalooza stage – Yahoo Home

    Chicago Youth Symphony Orchestra takes the Lollapalooza stage – Yahoo Home

    Sens. Blackburn, Warnock introduce CREATE Act to provide tax relief to music creators – Yahoo Home

    Sens. Blackburn and Warnock Launch CREATE Act to Deliver Tax Relief for Music Creators

    That’s (Political) Entertainment: When Theatre Meets Politics

    Future Script: How Generative AI Is Changing Collective Bargaining in the Entertainment Industry – Jackson Lewis

    Future Script: How Generative AI Is Transforming Collective Bargaining in Entertainment

    The SBA’s live-entertainment bailout was supposed to end two years ago. We still don’t know how $1.5 billion was spent. – Yahoo Home

    $1.5 Billion Live-Entertainment Bailout: Two Years Later, Where Did the Money Go?

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Credo Technology: Wiring The AI Revolution (NASDAQ:CRDO) – Seeking Alpha

    Credo Technology: Driving the Next Wave of AI Innovation

    Microsoft Seeks to Extend Access to OpenAI Technology – PYMNTS.com

    Microsoft Aims to Broaden Access to OpenAI Technology

    Livonia police use grappler technology to stop drunk driver – ClickOnDetroit | WDIV Local 4

    Livonia Police Deploy Grappler Technology to Safely Stop Drunk Driver

    Emory orthopaedic surgeons use robotic technology to transform knee replacement surgery – Emory News Center

    How Robotic Technology is Revolutionizing Knee Replacement Surgery

    Cognizant Technology Solutions Corp (CTSH) Q2 2025 Earnings Call Highlights: Strong Revenue … – Yahoo.co

    Cognizant Q2 2025 Earnings: Impressive Revenue Growth and Key Takeaways

    Revving Up The U.S. Technology Engine – Forbes

    Revving Up The U.S. Technology Engine – Forbes

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Go-to entertainment: why gaming was made for the toilet – The Guardian

    Why Gaming Is the Ultimate Way to Pass Time in the Bathroom

    Chicago Youth Symphony Orchestra takes the Lollapalooza stage – Yahoo Home

    Chicago Youth Symphony Orchestra takes the Lollapalooza stage – Yahoo Home

    Sens. Blackburn, Warnock introduce CREATE Act to provide tax relief to music creators – Yahoo Home

    Sens. Blackburn and Warnock Launch CREATE Act to Deliver Tax Relief for Music Creators

    That’s (Political) Entertainment: When Theatre Meets Politics

    Future Script: How Generative AI Is Changing Collective Bargaining in the Entertainment Industry – Jackson Lewis

    Future Script: How Generative AI Is Transforming Collective Bargaining in Entertainment

    The SBA’s live-entertainment bailout was supposed to end two years ago. We still don’t know how $1.5 billion was spent. – Yahoo Home

    $1.5 Billion Live-Entertainment Bailout: Two Years Later, Where Did the Money Go?

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Credo Technology: Wiring The AI Revolution (NASDAQ:CRDO) – Seeking Alpha

    Credo Technology: Driving the Next Wave of AI Innovation

    Microsoft Seeks to Extend Access to OpenAI Technology – PYMNTS.com

    Microsoft Aims to Broaden Access to OpenAI Technology

    Livonia police use grappler technology to stop drunk driver – ClickOnDetroit | WDIV Local 4

    Livonia Police Deploy Grappler Technology to Safely Stop Drunk Driver

    Emory orthopaedic surgeons use robotic technology to transform knee replacement surgery – Emory News Center

    How Robotic Technology is Revolutionizing Knee Replacement Surgery

    Cognizant Technology Solutions Corp (CTSH) Q2 2025 Earnings Call Highlights: Strong Revenue … – Yahoo.co

    Cognizant Q2 2025 Earnings: Impressive Revenue Growth and Key Takeaways

    Revving Up The U.S. Technology Engine – Forbes

    Revving Up The U.S. Technology Engine – Forbes

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Cardoso Reaffirms CBN’s Commitment to Bank Recapitalization for Economic Growth

June 30, 2024
in Business
Cardoso Reaffirms CBN’s Commitment to Bank Recapitalization for Economic Growth
Share on FacebookShare on Twitter

CBN Governor, Olayemi CardosoCBN Governor, Olayemi Cardoso

Mr. Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), has reiterated the Bank’s commitment to collaborating with relevant financial institutions, fiscal authorities, and the National Assembly in order to ensure the success of the ongoing bank recapitalization exercise.

This initiative aims to protect property rights and the interests of minority shareholders.

Mr. Cardoso, represented by the Bank’s Deputy Governor, Financial Systems Stability, Mr. Phillip Ikeazor, made this commitment on Tuesday, June 25, 2024, during his address to stakeholders on “The Impact of the Recapitalization of Nigerian Banks” at the UK-Nigerian Chamber of Commerce.

In his remarks, Mr. Ikeazor emphasized the significance of the event and restated the CBN’s dedication to fostering stronger, healthier, and more resilient banks capable of withstanding economic shocks.

He highlighted the importance of these efforts in supporting the Government’s goal of achieving a GDP of US$1 trillion by 2030.

According to the Governor, the recapitalization programme is expected to yield several benefits, including an increase in banks’ lending capacity, a boost in foreign direct investment (FDI), and an increase in foreign exchange liquidity.

The exercise is also anticipated to contribute to GDP growth, better risk management, improved credit ratings, a diversified ownership base, better governance and strategic decisions, and increased market volume and value, leading to a more vibrant equity market.

“With the recapitalization programme, our goal is to trigger the emergence of stronger, healthier, and more resilient banks,” Mr. Cardoso added.

He explained that several factors influenced the new minimum capital requirements, including macroeconomic conditions, stress test outcomes, and the need for improved risk management.

“We will rigorously enforce our ‘fit and proper criteria’ for prospective new shareholders, senior management, and board members of banks, and proactively monitor the integrity of financial statements, adequacy of financial resources, and fair valuation of banks’ post-merger balance sheets,” Mr. Cardoso assured.

Mr. Cardoso also noted the significant opportunity the recapitalization initiative presents to engage investors, policymakers, and technocrats on the critical issue of bank recapitalization in Nigeria.

Since assuming office in October 2023, his priorities at the CBN have included achieving monetary and price stability, maintaining a stable exchange rate, controlling inflation, and creating an enabling environment for businesses.

He explained that the recapitalization directive excluded retained earnings from the minimum capital requirement to simplify capital calculations and enhance transparency.

This decision, rooted in the BOFIA Act 2020, aligns with international standards like Basel III and emphasizes core capital elements to improve financial stability.
Reflecting on the successful 2004/5 Banking Sector Reforms, which consolidated the industry, increased capital bases, and boosted resilience against the global financial crisis, Mr. Cardoso assured that the current recapitalization initiative aims to build on these achievements.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : EconomicConfidential – https://economicconfidential.com/2024/06/cardoso-reaffirms-cbn/?utm_source=rss&utm_medium=rss&utm_campaign=cardoso-reaffirms-cbn

Tags: businessCardosoreaffirms
Previous Post

Afenifere: FG Should Reverse Suspension Of Heritage Bank Licence

Next Post

Koo Bibini Always Blaming Others for His Bad Behavior – Netizens Flame Lilwin After Dropping New Single Claiming People Want His Downfall

Credo Technology: Wiring The AI Revolution (NASDAQ:CRDO) – Seeking Alpha

Credo Technology: Driving the Next Wave of AI Innovation

August 3, 2025
Judge Halts Stephen F. Austin’s Female Sports Cuts Amid Title IX Suit – Sportico.com

Judge Halts Stephen F. Austin’s Female Sports Cuts Amid Title IX Suit – Sportico.com

August 3, 2025
Study reveals China’s ecological red lines offer blueprint for biodiversity protection – Phys.org

Study reveals China’s ecological red lines offer blueprint for biodiversity protection – Phys.org

August 3, 2025
What do TSA bag scanners actually see? – Popular Science

What do TSA bag scanners actually see? – Popular Science

August 3, 2025
Why does your mind goes ‘blank’? New brain scans reveal the surprising answer – Live Science

Why does your mind goes ‘blank’? New brain scans reveal the surprising answer – Live Science

August 3, 2025
U.S. POINTER Study shows lifestyle program improves cognition in older adults – University of California – Davis Health

Lifestyle Program Boosts Cognitive Health in Older Adults, New Study Finds

August 3, 2025
World Championships, Day Eight Finals: Kliment Kolesnikov Blazes to Title in 50 Backstroke; Tie for Silver – Swimming World

Kliment Kolesnikov Blazes to Victory in 50 Backstroke as Day Eight of World Championships Ends with a Silver Medal Tie

August 3, 2025
Bond investors warm to risk, with Fed staying put in ‘Goldilocks’ economy – Reuters

Bond Investors Take Bold Steps as Fed Maintains Steady Course in a ‘Goldilocks’ Economy

August 3, 2025
Go-to entertainment: why gaming was made for the toilet – The Guardian

Why Gaming Is the Ultimate Way to Pass Time in the Bathroom

August 3, 2025
Covenant Health offers immunizations, activities for kids at Back to School Bash – KCBD

Covenant Health’s Back to School Bash: A Fun-Filled Immunization and Activities Event for Kids

August 3, 2025

Categories

Archives

August 2025
MTWTFSS
 123
45678910
11121314151617
18192021222324
25262728293031
« Jul    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (752)
  • Economy (777)
  • Entertainment (21,654)
  • General (16,265)
  • Health (9,814)
  • Lifestyle (785)
  • News (22,149)
  • People (777)
  • Politics (786)
  • Science (15,990)
  • Sports (21,273)
  • Technology (15,755)
  • World (758)

Recent News

Credo Technology: Wiring The AI Revolution (NASDAQ:CRDO) – Seeking Alpha

Credo Technology: Driving the Next Wave of AI Innovation

August 3, 2025
Judge Halts Stephen F. Austin’s Female Sports Cuts Amid Title IX Suit – Sportico.com

Judge Halts Stephen F. Austin’s Female Sports Cuts Amid Title IX Suit – Sportico.com

August 3, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version