30 Banks Meet CBN Recapitalization Requirements ----- Spokesperson

The Central Bank of Nigeria, CBN, says that 30 banks have met the revised minimum capital requirements under its ongoing recapitalisation programme.

Acting Director of Corporate Communications at the CBN, Mrs. Hakama Sidi Ali, spoke in a statement, noting that the exercise, launched in 2024, aims to strengthen the resilience, stability, and long-term capacity of Nigeria’s banking sector to support economic development.

She further said that a total of 33 banks have raised additional capital through rights issues, initial public offerings, IPOs, and private placements as part of the programme. 

According to Sidi Ali, “Since the introduction of the policy, banks across the industry have taken steps to strengthen their capital base in line with the revised regulatory requirements.

 “As of March 6, 2026, 30 banks have met the new minimum capital requirements applicable to their respective licences.

“The CBN will continue to maintain close supervisory engagement with regulated institutions to ensure full compliance with prudential and capital requirements.” 

The remaining banks’ capital positions are undergoing CBN verification before final confirmation of compliance.

She however, assured that the Nigerian banking system remained stable and sound, pointing out, that the recapitalization programme was on track and would further enhance the sector’s capacity to support, not only households but, businesses as well as sustainable economic growth.