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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.
Nigerian content creator and actor Justin Ugonna, popularly known as Justin UG, has enlisted in the United States military......KINDLY READ THE FULL STORY HERE▶
News reports that the entertainer announced his new career development in a post shared on his Instagram page.
Justin UG revealed that joining the military was never part of his plans, noting that he would have found it difficult to believe anyone who predicted a few years ago that he would eventually wear the military uniform.
He disclosed that the past few weeks had been physically and mentally challenging, but the experience had taught him the importance of mental strength and the ability to push beyond personal limits.
The actor expressed pride in himself for completing the demanding experience, while appreciating the lessons he had learnt along the way.
He wrote: “You never really know where certain decisions will take you or how much they can change the course of your life.
“If you had told me a few years ago that I’d one day be wearing this uniform, I probably wouldn’t have believed you. This was never a path I imagined for myself, but here we are.
“The past few weeks have been some of the most mentally and physically challenging weeks of my life. But if there’s one thing this experience has taught me, it’s just how powerful the mind really is. We’re capable of so much more than we give ourselves credit for and I’m incredibly proud of myself for seeing this through and grateful for everything this experience has taught me.
“Would I want to do it all over again? Absolutely not 🙏😂. But I wouldn’t trade the experience for anything.”
Nigeria’s Minister of Information and National Orientation, Mohammed Idris, has urged Nigerians to give President Bola Tinubu more time to address the country’s economic challenges by voting for him again in the 2027 general elections.....KINDLY READ THE FULL STORY HERE▶
Idris acknowledged that many citizens were facing severe economic difficulties, including the rising cost of living, poverty and hunger. However, he maintained that the positive effects of the Tinubu administration’s economic reforms would take time to become evident in the lives of ordinary Nigerians.
The minister made the appeal on Thursday during the flag-off of the All Progressives Congress (APC) 2027 presidential and governorship campaigns at the Minna Trade Fair Complex in Niger State, Naija News reports.
He urged Nigerians not to lose faith in the administration, insisting that Tinubu had the country’s best interests at heart and deserved another opportunity to complete the policies and programmes he had initiated.
“I appeal for the understanding of Nigerians. President Bola Tinubu means well for Nigerians. Let’s give him more time to complete the good things he has already started,” Idris said.
The minister also appealed to residents of Niger State to support Governor Mohammed Bago’s re-election campaign, citing what he described as the governor’s achievements over the past four years.
Idris further called on voters to support APC candidates across all elective positions in the 2027 elections, arguing that the party’s policies would deliver greater benefits to Nigerians.
Speaking at the campaign launch, Governor Bago pledged to secure all the votes in Niger State for Tinubu and other APC candidates.
He expressed confidence in the party’s chances in the state, assuring residents that a second term in office would bring additional benefits.
Bago also urged the electorate to vote for APC candidates in the presidential, governorship, senatorial and House of Representatives elections.
Prominent figures at the campaign flag-off included APC North-Central Zonal Vice-Chairman, Mu’azu Rijau, who represented the party’s National Chairman, Prof. Nentawe Yilwatda.
Also in attendance were former Nigerian Ambassador to South Africa, Abdullahi Idris, and former Niger State Deputy Governor, Ahmed Musa Ibeto.
Nigerian comedian and actor Bovi Ugboma has announced that he will begin charging people who expect him to respond to their messages.....KINDLY READ THE FULL STORY HERE▶
News reports that the comedian disclosed this in a post shared on his Instagram Story.
According to Bovi, anyone seeking a response from him should be ready to pay for the service.
He also warned those who might not receive replies to make the necessary payment if they want his attention.
The comedian wrote, “Now charging money to reply messages. So if you don’t get a reply, pay up!”
In other news, Bovi has opened up about his experience raising his son, revealing that the boy broke three television sets on separate occasions due to his behaviour.
Naija News reports that the comedian had previously stated that he does not believe in beating children as a form of discipline.
He maintained that parents should allow their children to grow and learn while providing proper guidance.
Bovi explained that his son sometimes broke household items when he was angry or simply out of playfulness, including three television sets in their home.
The comedian added that he was able to replace the damaged televisions because he could afford to do so, noting that the situation might have been different if he lacked the financial means.
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