Recapitalisation: Banks Have So Far Raised N2.4tn Through Capital Market, Says SEC DG Sees new Investment Act as stimulant to economic growth
Ndubuisi Francis in Abuja
Nigerian banks have so far raised N2.4 trillion through the capital
market in the ongoing recapitalisation of the banking sector directed by the Central Bank of Nigeria (CBN). Director-General of the
Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, disclosed this in an interview in Abuja.
Agama stated that the capital market was strong enough to provide the much-needed finance for various sectors of the economy.
According to him, the Nigerian capital market is one of the strongest globally, with Return on Investment (RoI) being one
of the best in the world last year. Agama said, “The capital market Continued on page 31
Trump Tariffs Send US Stocks, Dollar Tumbling; Apple, Nvidia Lose $470bn... Page 8 Friday 4 April, 2025 Vol 30. No 10953. Price: N400
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Wabara: PDP Remains only Credible Alternative, Confident Party Will Regain South East Boasts Mbah’s record performance has rekindled confidence
Chuks Okocha in Abuja and Emmanuel Ugwu-Nwogo in Umuahia Former Senate President and
Chairman, Board of Trustees (BoT) of the Peoples Democratic Party (PDP), Senator Adolphus Wabara, yesterday, said the PDP was the only credible alternative
to the ruling party in the country while lamenting that democracy in Nigeria was currently under siege. Wabara expressed confidence
that the party would reclaim the South-East in the 2027 general election. Speaking on the recent return of Hon. Chijioke Edeoga, the 2023
Labour Party (LP) governorship candidate in Enugu State, to the PDP, Wabara stated that the zone, once a stronghold of the PDP, would regain its dominance by
2027, however, attributed this to the performance of the Enugu State Governor, Peter Mbah, which Continued on page 31
INEC: Petition for Akpoti-Uduaghan’s Recall Failed Constitutional Requirements Story on page 31
Says no further action will be taken, writes Akpabio God has shamed anti-democratic forces after me, declares Kogi senator, hails electoral body Inaugurates free maternity/child care centre in Okenne, empowers more constituents Proponents of exercise thank commission for recognising 208,132 signatures
OLUREMI TINUBU IN BAYELSA...
First Lady, Senator Oluremi Tinubu (middle), flanked on the right by the Chairman, Bayelsa State Council of Traditional Rulers, HRM Bubaraye Dakolo, Ibenanaowei of Ekpetiama Kingdom, with the Governor of Bayelsa State, Senator Douye Diri, and on her left by the Wife of the Vice President, Hajia Nana Shettima, with other members of the Bayelsa State Traditional Council during her visit to the state, yesterday
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