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Banks Set For Massive ₦900bn Capital Injection In 2025 Shake-Up
According to Nivo News, Nigeria’s banking sector is projected to receive an additional ₦900 billion capital injection in 2025 as lenders intensify efforts to meet new recapitalisation requirements ahead of the Central Bank of Nigeria’s March 2026 deadline. The development was highlighted in the latest Nigerian Banking Industry Report by pan-African rating agency Agusto & Co., which maintained a “stable” outlook for the sector.....KINDLY READ THE FULL STORY HERE▶
In March 2024, the CBN directed commercial banks to strengthen their capital bases, mandating institutions with international licences to raise at least ₦500 billion, those with national licences to meet ₦200 billion, and regionally authorised lenders to achieve ₦50 billion. Non-interest banks were also given new thresholds of ₦20 billion and ₦10 billion for national and regional operations respectively. Analysts estimate that the industry must mobilise roughly ₦4.2 trillion to achieve full compliance. By the end of 2024, the Securities and Exchange Commission confirmed that about ₦1.7 trillion had already been raised through the capital market.
The CBN Governor, Olayemi Cardoso, recently disclosed that eight banks have met the recapitalisation benchmark, while others are entering subsequent fundraising phases to close the gap. Agusto & Co. reported that 16 banks secured ₦1.7 trillion in 2024, with an additional ₦800 billion raised in the first seven months of 2025. The firm expects a further ₦900 billion to be mobilised before the end of the year as lenders shore up buffers against market volatility and position for growth. Domestic investors have provided most of this capital, reflecting confidence in Nigeria’s financial institutions.
The report, however, warned that the CBN’s termination of regulatory forbearance in June 2025 would weigh on profitability this year. Impaired loans previously enjoying temporary relief are now being fully classified, with Agusto & Co. projecting the industry’s non-performing loan ratio could rise to 6.9 per cent before improving in 2026. While some banks are expected to accelerate write-offs under transitional provisions, stricter compliance with single obligor limits and provisioning requirements may push impairment charges higher in the short term.
Profitability indicators, which surged in 2024 on the back of foreign currency revaluation gains and a high-yield environment, are forecast to decline in 2025. Agusto & Co. anticipates profit before tax will fall by 19.2 per cent, with pre-tax return on average equity dropping to 27.3 per cent from 48.2 per cent in the previous year. A recovery is projected for 2026 as fresh capital is fully deployed and impairment costs normalise.
In a series of circulars issued earlier this year, the CBN restricted some banks from paying dividends or funding foreign subsidiaries over breaches linked to regulatory forbearance. It also ordered all lenders to submit detailed capital restoration plans outlining strategies such as cost optimisation, risk transfer, and portfolio restructuring. Furthermore, banks are now required to file quarterly disclosures covering provisioning status, capital adequacy calculations, and comprehensive data on additional tier-1 instruments to enhance transparency and regulatory oversight.
The administration of President Bola Tinubu has approved an upward review of peculiar allowances, welfare benefits, and exit packages for civil servants across Nigeria.....KINDLY READ THE FULL STORY HERE▶
This was disclosed on Friday in Abuja by the Head of the Civil Service of the Federation, Didi Walson-Jack, during a press briefing.
She explained that the adjustment applies to workers under the Consolidated Public Service Salary Structure (CONPSS) as well as the Consolidated Research and Allied Institutions Salary Structure (CONRAISS).
According to her, the revised allowances have been designed to cut across all grade levels, ensuring improved earnings for both senior and junior officers.
Further details are expected to be released later.
Taiwo Oyedele has officially taken over as Nigeria’s Minister of Finance and Coordinating Minister of the Economy following a formal handover from his predecessor, Wale Edun.....KINDLY READ THE FULL STORY HERE▶
The transition, which reportedly took place on Thursday evening, was confirmed in a statement issued by the Ministry’s Head of Information and Public Relations, Efe Ovuakporie.
According to the statement, the handover was concluded within the timeframe set by President Bola Ahmed Tinubu.
In his inaugural address, Oyedele pledged to consolidate ongoing reforms while delivering measurable economic outcomes.
He said his administration would prioritise fiscal discipline, transparency, and improved performance across key sectors of the economy.
He also expressed his readiness to work closely with staff of the ministry to strengthen efficiency and service delivery.
Oyedele commended his predecessor, Wale Edun, for his role in advancing Nigeria’s economic reform agenda, and thanked President Tinubu for entrusting him with the responsibility.
The Permanent Secretary, Raymond Omachi, alongside the Permanent Secretary (Special Duties), Mohammed Danjuma, welcomed the new minister and assured him of the full support and cooperation of the ministry’s workforce.
During Edun’s tenure, the ministry implemented several fiscal reforms aimed at improving revenue generation and economic coordination. However, the period also faced challenges, including budget implementation constraints that affected ministries, departments, and agencies.
There were also concerns over outstanding payments owed to pensioners and contractors during the same period.
A High Court of the Federal Capital Territory (FCT), sitting in Maitama, has issued a bench warrant for the arrest of an Abuja-based lawyer, Victor Giwa, and a police officer, Edith Erhunmuuse, after they failed to appear in court.....KINDLY READ THE FULL STORY HERE▶
The two defendants were scheduled to be arraigned alongside another accused person, Cecil Osakwe, on a nine-count charge marked FCT/HC/CR/222/2023, filed by the Office of the Attorney General of the Federation (AGF).
They are accused of criminal conspiracy involving the alleged forceful eviction of occupants and damage to property valued at about N300 million.
When the matter was called on Friday, the prosecution counsel, Aderonke Imana, told the court that although the charge was filed in January 2023, arraignment had repeatedly stalled due to what she described as a consistent pattern of absence by the defendants.
She argued that neither the first nor second defendant had consistently appeared in court or informed the prosecution of their absence, insisting that a bench warrant was necessary to compel attendance.
However, counsel to Victor Giwa, Ogbu Aboje, opposed the application, informing the court that his client was absent due to illness and had submitted medical documentation to support his condition. He also urged the court to hear a pending application before proceeding further.
He asked the court to excuse Giwa’s absence, citing health challenges as the reason for his non-attendance.
In response, the prosecution maintained that arraignment is the proper starting point of any criminal trial, adding that any proceedings before it would be invalid.
The prosecution therefore urged the court to issue a bench warrant to ensure the defendants appear for arraignment.
The third defendant, Cecil Osakwe, was present in court with his lawyer, Farouk Akanbi.
Delivering her ruling, Justice Samira Bature granted the prosecution’s request and ordered the arrest of Victor Giwa, stating that the explanations and medical documents presented amounted to deliberate delay tactics.
The judge noted that the case had suffered repeated delays since it was first filed in 2023 and commenced before her court in July 2024, lamenting that arraignment had still not taken place nearly two years later.
Justice Bature stressed that courts are not venues for delay tactics, adding that the defendants had shown disregard for the judicial process by failing to appear for arraignment.
She further ruled that all pending applications could only be considered after proper arraignment, stating that the court’s jurisdiction in criminal matters becomes fully activated only after that stage.
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