Stockbrokers’ Institute unfolds recommendations on banks recapitalisation


As a prelude to investiture of the 13th President and Chairman of the Governing Council of Chartered Institute of Stockbrokers (CIS), Mr Oluropo Dada, on Friday, Chartered Institute of Stockbrokers (CIS), has offered 10 recommendations to Central Bank of Nigeria (CBN) and capital market regulators to ensure successful implementation of banks recapitalisation in Nigeria.

The apex bank, had on March 28, announced new capital base on the basis of a bank’s authorisation, ranging from N200 to N500 billion and this is expected to commence in next two years.

In a paper entitled, ‘Stockbrokers’ Position Paper on the Banking Sector Recapitalisation Programme of the Central Bank of Nigeria…

Source: Nigerian Tribune