The Central Bank of Nigeria (CBN) omitted retained earnings from the share capital calculation in its recent recapitalisation terms released on Thursday.
The apex Bank announced a new set of capital thresholds for Nigerian banks, requiring international, national, and regional banks to maintain
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Wasiu Alli
Wasiu Alli is a business, economics cum data journalist with strong expertise covering macro trends, capital markets, government policies, corporate earnings and comparative economics analysis. Alli turns raw data into trends that not only tells compelling stories but nudges investors to make valued and informed decisions. He’s an alumnus of Lagos State University and trained at Lagos Business School. He formerly heads the Companies and Markets desk at BusinessDay where he writes and supervises the production of well researched articles on earnings updates, corporate sectoral comparisons, market intelligence as well as interviews with C-suite executives.
