Signature Bank Limited raised its capital base to ₦52 billion, surpassing CBN’s ₦50 billion requirement.
Capital Milestone Achieved
Following this, the Bank completed a successful rights issue, advancing its financial resilience strategy significantly.
Moreover, shareholders actively participated, reinforcing the Bank’s balance sheet and enabling larger transactions across markets.
Signature Bank Shareholders Drive Growth
This strategy positions Signature Bank firmly within regulatory expectations during Nigeria’s ongoing banking recapitalisation exercise.
Meanwhile, Chairman Alhaji Tijjani M. Borodo praised shareholder confidence and emphasised the Bank’s strong governance.
He explained, “Our stronger capital foundation enables us to drive enterprise development, inclusive growth, and stakeholder value.”
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Expanding Services And Innovation
Additionally, CEO Nixon Iwedi highlighted that enhanced capital strengthens customer relationships and accelerates innovation across platforms.
Furthermore, the Bank focuses on expanding into key trade centres and emerging economic corridors nationwide.
Signature Bank provides retail, corporate, SME, trade, structured financing, treasury, and technology-driven digital payment services.
Its platforms include the Signature Mobile App, USSD *647# instant banking, Signature Core corporate banking, cards, and POS terminals.
By reinforcing its balance sheet, the Bank plans to increase lending and accelerate regional economic growth.
Since its inception in 2022, Signature Bank has committed itself to delivering inclusive, innovative, and human-centred banking solutions.
Consequently, the strengthened capital base enables the Bank to support enterprise, promote innovation, and expand financial access.
