Republic Bank Ghana meets new BOG minimum capital requirement

Posted by - August 20, 2018

The Republic Bank (Ghana) Limited has met the Bank of Ghana’s new minimum capital requirements ahead of the December 2018 deadline. The BoG, last year announced an increment in the minimum capital requirement of Universal Banks from ¢120 million to ¢400 million. Commercial banks have been given up to December 2018 to meet the new

Nigeria: FG Inaugurates Investment and Securities Tribunal, To Restore Investors’ Confidence In Capital Market

Posted by - September 19, 2017

The Federal Government of Nigeria has reconstituted the Investment and Securities Tribunal (IST) as a practical step towards restoring investors’ confidence in the capital market and repositioning it to contribute positively to the country’s economy. The Investment and Securities Tribunal was dissolved in compliance with the Federal Government’s directive on dissolution of Boards of Parastatals,

WEF Ranks Nigeria 114th in Global Human Capital Index

Posted by - September 13, 2017

The World Economic Forum (WEF) has ranked Nigeria 114th out of 130 economies in the overall ranking of its Global Human Capital Index for 2017. The WEF disclosed this in its Global Human Capital Report 2017 Nigeria was also placed in the bottom 10 in two of the WEF’s pillars – development (122) and Know-how

The Royal Bank Ghana Hopeful of Meeting New Bog Minimum Capital Requirement

Posted by - August 14, 2017

The Royal Bank (TRB) has revealed it is well positioned to meet the Bank of Ghana’s planned new minimum capital requirement. The bank has indicated plans to explore options such as shareholder and/or new investor financing for the recapitalization bid. According to management, the bank’s financial position has improved significantly with a positive outlook especially

BoG Likely To Announce New Minimum Capital Requirement in September

Posted by - August 10, 2017

The Bank of Ghana (BoG) has indicated that it is likely to announce a new minimum capital requirement for banks by September. According to the regulator, it is almost through with the required engagement with all the players in the banking industry to possibly aid the announcement. The Central Bank had earlier indicated that it