CBN Affirms Alpha Morgan Bank’s Capitalisation

The Central Bank of Nigeria (CBN) has affirmed the capitalization of Alpha Morgan Bank, marking an important milestone in the Bank’s growth journey and reinforcing its commitment to building a strong, resilient, and future-ready financial institution.

This affirmation reflects the Bank’s adherence to regulatory requirements and its strategic focus on strengthening its capital base to support sustainable growth, innovation and improved service delivery to customers.

With this milestone, Alpha Morgan Bank is well positioned to continue expanding its footprint with its 14 approved branches across different states, while deepening inclusivity and enhancing the range of banking solutions available to individuals, businesses, and institutional clients nationwide.

Commenting on the development, The Managing Director, Mr. Ade Buraimo expressed the readiness of the bank in ensuring compliance with regulatory requirement, good governance framework while delivering satisfying banking along the long-term vision of the bank to become the best bank to work and strong financial institution to reckon with.

‘Capitalisation is more than a regulatory requirement; it is an opportunity to strengthen the institution for the future. The affirmation of Alpha Morgan Bank capitalisation reflects the work we have done to build a solid capital foundation that allows us to support businesses more effectively, expand financial access and continue delivering the level of service our customers expect,’’ he said.

Alpha Morgan Bank remains committed to maintaining strong corporate governance standards, sound risk management practices, and prudent financial management as it continues to support economic development and create long-term value for stakeholders.

As Alpha Morgan Bank enters the next phase of its journey, the institution will continue to scale its operation, invest in technology, expand its branch network and digital banking presence, whilst delivering reliable and satisfying banking experiences to its growing customer base.

About Alpha Morgan Bank

Alpha Morgan Bank is a Nigerian commercial bank, committed to delivering satisfying banking through innovative solutions, strong corporate governance, and customer-focused services that support economic growth and financial inclusion.

Learn more about Alpha Morgan Bank at www.alphamorganbank.com

Last-Gasp Valverde Goal Hands Real Madrid Crucial Win—-Uruguayan scores in stoppage time as Madrid edge 2–1 victory to move within a point of LaLiga leaders Barcelona.

Celta arrived in excellent form with four consecutive wins in all competitions and looked determined to extend that run early on. Just five minutes in, Borja Iglesias fired a low effort from 20 yards that forced Thibaut Courtois into a sharp save.

However, Real Madrid quickly found their rhythm. Vinicius Junior came close when he broke through and hit the post, and moments later Los Blancos made their pressure count. After Aurelien Tchouameni saw a shot deflected out for a corner, Madrid cleverly worked the set-piece back to the French midfielder, who swept home his first league goal of the season in the 11th minute.

Real had won all 18 LaLiga matches in which they had opened the scoring this season, but Iglesias looked determined to end that record. He first raced onto a through ball only to be denied by Courtois once again.

The striker eventually found his reward in the 25th minute. Williot Swedberg shrugged off Trent Alexander-Arnold on the left flank before squaring the ball for Iglesias to calmly slot home the equaliser.

Chances became scarce as the first half progressed, though Swedberg tested Courtois again just before the break with a powerful side-footed strike that the Belgian goalkeeper did well to keep out.

The second half struggled to produce clear opportunities, with Ferran Jutgla’s near-post effort from a corner in the 60th minute comfortably gathered by Courtois.

Real Madrid began to show more attacking intent as the game wore on. Youngsters Thiago Pitarch and Cesar Palacios both saw their efforts blocked by Carl Starfelt, while Madrid were also left frustrated when a potential handball by Jutgla in the box was overturned after a lengthy VAR check.

Despite dominating possession late on, Los Blancos nearly paid the price for their lack of cutting edge. With three minutes remaining, Iago Aspas struck the post from inside the area, coming agonisingly close to putting Celta ahead.

But just when the hosts looked set to extend their unbeaten run to six matches, disaster struck. A poor clearance fell kindly to Valverde on the edge of the box, and the Uruguayan unleashed a 25-yard strike that took a huge deflection on its way past Ionut Radu to seal victory in the 94th minute.

The dramatic win keeps Real Madrid unbeaten in Vigo since 2014 and firmly in the LaLiga title race.