30 BANKS MEET NEW CBN CAPITAL REQUIREMENTS
Abuja, Nigeria, March 7, 2026
The Central Bank of Nigeria (CBN) says the banking sector recapitalisation programme introduced in 2024 is progressing steadily, with financial institutions strengthening their capital base to meet new regulatory thresholds.
In a statement issued by the Acting Director of Corporate Communications at the apex bank, Hakama Sidi Ali, the CBN disclosed that thirty banks have already met the new minimum capital requirements tied to their respective licence categories.
According to the statement, thirty-three banks have also raised additional capital through rights issues, initial public offerings and private placements as part of the recapitalisation programme aimed at strengthening the country’s financial system.
The CBN further noted that the capital positions of the remaining banks are currently undergoing routine verification ahead of final confirmation of compliance within the stipulated timeline.
The apex bank reiterated that Nigeria’s banking system remains stable and sound, stressing that the recapitalisation initiative will further strengthen banks’ capacity to support households, businesses and sustainable economic growth.
The recapitalisation policy, announced in 2024, requires banks to significantly increase their minimum capital base in line with their operational licences, a move the regulator says is designed to build a more resilient banking sector capable of supporting Nigeria’s long-term economic development.
