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Banks Set For Massive ₦900bn Capital Injection In 2025 Shake-Up

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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.

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INEC Chairman Breaks Silence On Atiku’s Fate If Court Rules Against Him.

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The Chairman of the Independent National Electoral Commission (INEC), Joash Amupitan, has stated that the commission will comply with any court ruling concerning former Vice President Atiku Abubakar.....KINDLY READ THE FULL STORY HERE▶

News recalls that the Federal High Court in Abuja, presided over by Justice Peter Lifu, had nullified the David Mark-led African Democratic Congress (ADC) caretaker committee and invalidated its decisions, including the process that produced Atiku as the party’s presidential candidate.

Speaking on the matter on Thursday during an engagement at Chatham House in London, Amupitan said INEC was legally bound to obey any court order, particularly a decision of the Supreme Court, irrespective of its political implications.

He explained that although implementing such rulings could put the commission at the centre of political controversies, it would still have to respect the law.

He said: “If it travels through the courts and, as you said, he eventually fails, well, I’m obligated under section 285 of the Constitution of Nigeria to obey every court order, especially if it is from the Supreme Court.

“But the danger is that whenever there’s such a decision, and it’s you who now has to implement it, you become the problem.

“The problem now is transferred to you. But that is the position of the law.”

The INEC chairman also disclosed that the commission was handling more than 300 court cases, with approximately 66 days remaining before the 2027 general election.

Amupitan said he had previously called for pre-election disputes to be concluded at least six months to one year before an election to enable INEC to focus on its preparations.

According to him, resolving such cases early would allow the commission to concentrate on logistical arrangements, particularly the procurement of sensitive election materials.

He said: “I had advocated in several forums that election matters, pre-election matters rather, should be at least a year before the election. Or let’s say six months.

“So that we can face our logistics. Now we have gone into serious procurement of the most sensitive materials. So that’s a very big issue for us.”

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“My Man Is Not Finding It Funny” – Nkechi Blessing Warns Opeyemi Falegan Over Her Pictures.

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Nollywood actress Nkechi Blessing has appealed to her former lover, Opeyemi Falegan, to stop posting her pictures on social media.....KINDLY READ THE FULL STORY HERE▶

The warning came barely five days after the actress and the Ekiti-born politician reconciled and apologised to each other during a TikTok live session.

News reports that Nkechi and Falegan settled their past differences on November 7, 2026, following issues surrounding their former relationship.

However, Falegan, who is also a United States-based military officer, later shared a picture of himself and the actress on social media.

The post generated reactions among Nigerians, with some assuming that the former lovers had rekindled their romance.

Nkechi, however, dismissed such suggestions, insisting that their reconciliation did not mean they had resumed their romantic relationship.

In a post shared on her Instagram Story on Thursday, the actress called on people close to Falegan to advise him to stop sharing her pictures.

She explained that his repeated posts were creating tension between her and her current partner, who was uncomfortable with the situation.

She said: “Anybody wey sabi that honorable should pls tell him to stop posting my picture on his page every minute. My man is not finding it funny and I am seriously tired of explaining like I’m a child. Oga we don apologise to each other kindly leave me alone na.”

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Nollywood Actor Justin UG Joins US Military, Reveals Why He Chose New Path.

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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.”

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