Fitch Ratings: Nigerian Banks Progress Towards New Capital Requirements Says strengthened buffers will mitigate risks from challenging operating environment
Nume Ekeghe
Nigerian banks are making significant
progress in raising core capital to meet new paid-in capital requirements, and they are generally on
track to meet the end of first quarter 2026 deadline set by Central Bank of Nigeria (CBN). Fitch Ratings, one of
the global rating agencies, disclosed this in a statement posted on its website yesterday.
It stated that the ongoing recapitalisation would support a recovery in capitalisation from the impact of
naira devaluation and provide fuel
Trump, Putin Agree to Negotiate over Ukraine War... Page 28
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Thursday 13 February, 2025 Vol 30. No 10903. Price: N400
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AfreximBank-facilitated Hospital Complex Abuja Starts Operations June... Page 8
50% Tariff Hike: NLC Threatens March 1 Shut-down of Telecom Firms’ Operations Onyebuchi Ezigbo in Abuja The Nigeria Labour Congress (NLC) has warned that if the telecommunica-
tions companies fail to revert to the old tariff by the end of February 2025, it will mobilize workers to shutdown their operations nationwide
by March 1, 2025. Arising from its Central Working Committee meeting in Lokoja, Kogi State, the labour movement said it
will take the first step of resisting this arbitrary tariff hike by boycotting the services of MTN, AIRTEL, and GLO. In a communique signed by
NLC president, Joe Ajaero, and General Secretary, Emmanuel Ugboaja, the NLC demanded an immediate reversal of the tariff hike
which took effect today - Thursday, February 13, 2025. Continued on page 9
PDP NWC: Udeh-Okoye is Our National Secretary, We’re Bound by Court Judgement We never met, it’s whatsapp chat, Damagum declares Anyanwu writes committee, pleads appointment with doctor, Ortom seeks apology from Ikimi's panel Disciplinary committee adjourns to March Benue says petitioners not party members
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TINUBU MEETS GOOGLE EXECUTIVES...
L-R: Director-General of National Information, Technology, Development Agency, Kashifu Inuwa Abdullahi; Minister of Communications, Innovation and Digital Economy, Bosun Tijani; Google Chief Executive, Sundar Pichai; President Bola Tinubu; Google Senior Vice President for Research, Technology and Society, James Manyika and Google Managing Director, Sub Saharan Africa, Alex Okosi, during a meeting with President Tinubu in Paris … yesterday