Banks’ capital raise reinforces balance sheet transparency – UBA GMD
UBA GMD Oliver Alawuba says the recent banks’ capital raise reinforces balance sheet transparency and is key to building a resilient Nigerian economy. Read More: https://punchng.com/banks-capital-raise-reinforces-balance-sheet-transparency-uba-gmd/
United Bank for Africa Plc's Group Managing Director and Chairman of the Body of Bank CEOs in Nigeria, Oliver Alawuba, has called for deliberate policies and stronger public-private collaboration to build a resilient Nigerian economy. Alawuba highlighted the need for resilience to be embedded across national policies, institutions, infrastructure, supply chains, energy systems, and human capital.
He commended the Federal Government and Central Bank of Nigeria for their improved fiscal and monetary policy coordination, noting that macroeconomic recovery must translate into broader commercial opportunities and improved living standards for citizens. He also disclosed that 33 banks successfully mobilised N4.65tn during the recent recapitalisation exercise, significantly reinforcing balance-sheet transparency, capital adequacy, and liquidity.
Brief written by urgent.news from Punch's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
