CBN GOVERNOR OUTLINES KEY REFORMS AT 2026 MONETARY POLICY FORUM

Ibadan, Nigeria, March 27, 2026

The 2026 Monetary Policy Forum of the Central Bank of Nigeria reinforced collaboration between fiscal authorities, banks, and the private sector to sustain economic growth and ensure price stability.

Olayemi Cardoso, Governor of the CBN, highlighted key reform actions aimed at strengthening the banking sector and supporting financial stability:

• Recapitalisation Programme: Rollout of new minimum capital requirements for banks, with a compliance deadline of March 31, 2026.
• Risk‑Based Capital Requirement Framework: Introduction of a more robust, risk-sensitive approach to bank capital adequacy.
• Orderly Exit from Regulatory Forbearance: Gradual phasing out of leniency measures to ensure stronger regulatory compliance.
• Enforcement of Insider‑Lending Rules: Strengthened measures to prevent related-party lending violations.
• Credit Restrictions for Large Non‑Performing Obligors: Policies to limit access to credit for borrowers with significant non-performing loans.

These reforms underscore the CBN’s commitment to improving the resilience of Nigeria’s financial system, enhancing investor confidence, and fostering a sustainable environment for economic growth.

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