Banks recapitalisation gap shrinks to N583.4bn

Sunnewsonline | 12-09-2025 04:18pm |

By Chinwendu Obienyi Nigeria’s banking industry’s recapitalisation drive, yesterday, received a significant boost as Wema Bank announced it has surpassed the Central Bank of Nigeria’s (CBN) minimum capital requirement, trimming the overall sector shortfall to N583.4 billion. Wema Bank, which operates under a national licence, confirmed that it successfully raised N150 billion through a rights

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