AU COMMISSION CHAIRPERSON ARRIVES IN BAMAKO TO REVIVE DIALOGUE WITH MALI. (PHOTO).

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 AU Commission Chairperson Arrives in Bamako to Revive Dialogue With Mali Mahmoud Ali Youssouf arrived for a two-day official visit, according to an AU statement. He was welcomed by Mali’s Foreign Minister Abdoulaye Diop and is also expected to meet with President Assimi Goïta, it said, Sputnik reported. The visit comes as Mali remains suspended from AU activities since June 2021. The AU has reaffirmed its support for Mali’s sovereignty and territorial integrity while proposing increased assistance to the security sector.
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CBN CONCLUDES RECAPITULATION; BANKS RAISE ₦4.65 TRILLION TO BOOST FINANCIAL STABILITY. (PHOTO).

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 CBN CONCLUDES RECAPITULATION; BANKS RAISE ₦4.65 TRILLION TO BOOST FINANCIAL STABILITY 


The Central Bank of Nigeria says it has successfully concluded the banking sector recapitalisation programme, strengthening the resilience of Nigeria’s financial system.


According to the apex bank, lenders raised ₦4.65 trillion in fresh capital within 24 months, with over 72 percent sourced locally and about 27 percent from international investors—an indication of sustained confidence in the sector.

CBN Governor, Olayemi Cardoso, says the exercise has reinforced banks’ capital base and improved their capacity to withstand economic shocks.


The CBN confirms that 33 banks have met the revised minimum capital requirements, while a few others remain under regulatory processes, with all institutions continuing normal operations.


It adds that the programme has improved capital adequacy ratios above global benchmarks, enhanced asset quality, and strengthened balance sheet transparency.


The apex bank says enhanced risk-based supervision and mandatory stress testing will sustain these gains, positioning the banking sector to support lending, savings mobilisation, and overall economic growth.

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