SunTrust Bank Nigeria exceeds N50 billion capital requirement ahead of March 31 deadline Private placement drives SunTrust's capital boost, reflecting investor confidence in Nigeria's financial sector Recapitalisation trends highlight growing bank compliance, with mergers and acquisitions predicted in the industry Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the economy for over a decade. SunTrust Bank Nigeria Limited has successfully exceeded the N50 billion minimum capital requirement set by the Central Bank of Nigeria, just four weeks before the March 31 deadline. Sources familiar with the development confirmed that the bank’s total paid-up capital now stands at approximately N51.1 billion, placing it comfortably above the regul...