Converge Conference’s Post

As anticipated, the Central Bank of Nigeria (CBN) has implemented a significant hike in minimum capital requirements (MCR) for Nigerian banks. This significant revision, coming nearly two decades after the initial one in 2004, signals the CBN’s intent to strengthen the financial system’s resilience To read more about the Market Capitalisation news from the CBN, visit our website and read the blog post for more information or click on the link below https://lnkd.in/dt3JRUbY #marketcapitalization

Yes, you know that a Central Bank of Nigeria exists. But do you know what exactly its roles are? Or how oversight over the Central Bank of Nigeria is performed? Dive into this episode of our #democracy101in5 series supported by Foreign, Commonwealth and Development Office to learn more. https://lnkd.in/dMKWfEde

The eCedi Report is available from the Bank of Ghana! "Payment systems are critical to the efficient functioning of economies. They bolster the role of money as a means of exchange and therefore are of paramount interest to central banks." This is from a new report by the Bank of Ghana, which explored CBDCs, including Fillia by Giesecke+Devrient. Read the full report here: https://lnkd.in/dGnjQ9vK #CDBD #Filia

NEW POST ALERT!!! CENTRAL BANK OF NIGERIA: THE REVIEW OF MINIMUM CAPITAL REQUIREMENTS FOR NIGERIAN BANKS. In this article, we discussed the implication of the policy objective, its potential effects on banks and their response to its implementation. #CBN #RECAPITALIZATION #newsletter

BREAKING: The Central Bank of Nigeria has decided to discontinue the practice of accepting foreign currencies as collateral for loans issued in naira. The Central Bank of Nigeria has issued a directive to all Nigerian banks, instructing them to discontinue the practice of accepting foreign currencies as collateral for loans denominated in naira.

The 1992 Bank notes in Central Africa will no longer be accepted at the Central Bank (BEAC) as from June 1st 2024. Let's ensure we change all in our keeping latest May 31st 2024. Let's spread the information so our love ones do same and avoid losses. #cemac #financialservices #banks #cashmanagement

Nigerian banks are on a recapitalization race following the circular issued by the Central Bank of Nigeria (CBN) on the increase in the minimum capital requirement. In this report, we examine the impact of the capital raising exercise on banks’ valuation, and give signposts to evaluate potential leaders and laggards.

Very insightful piece on the ongoing bank recapitalization. For investors looking to buy new stocks, your focus should be on what value the banks can create with the new capital injection. And here is the key point from the article "A bank that is doubling its equity must more than double is customer deposit but not by expensive term deposit. By implication, the larger the capital raise relative to the existing equity base, the longer the catch-up race to maintain the current ROE, not to mention expanding it."

In this report, we address investors’ concerns about the valuation impacts of the ongoing banking recapitalization, and highlight indicators to consider in differentiating the potential leaders from the laggards.

Another important event that happened in a busy week of Riyadh was a Regional High-Level Meeting on Reserve Management organized by BIS and SAMA where I have represented the Central Bank of Azerbaijan. Engaging with colleagues from various central banks, we delved into insightful discussions on the latest trends and challenges shaping reserve management. I also had a privilege to attend a panel addressing the structural challenges confronting reserve managers. During this session, I shared insights into the currency and sector allocation strategies employed at the Central Bank of Azerbaijan, alongside new approaches adopted in our investment strategies and governance practices. #CBAR #SAMA #BIS #ReserveManagement