CBN gives final update on Nigerian bank recapitalization, raises N4.65 trillion from 33 financial institutions

CBN gives last update connected Nigerian slope recapitalization, raises N4.65 trillion from 33 fiscal institutions

The Central Bank of Nigeria has fixed a last update connected its recapitalization process arsenic the deadline ended connected March 31st, 2026.

In a connection by the apex bank’s manager of the banking supervision department, Olubukola Akinwunmi, connected Wednesday the process concluded successfully arsenic the state raised N4.65 trillion.

DAILY POST recalls that since March 2024, CBN has been undergoing a recapitalization process.

In an update, the apex slope announced palmy completion of the process.

The regulator said 72.55 percent of the superior acquired by banks is sourced locally, portion the remainder is gotten externally from planetary markets.

Governor Olayemi Cardoso, commenting connected the development, said, “The recapitalization programme has strengthened the superior basal of Nigerian banks, reinforcing the resilience of the fiscal strategy and ensuring it is well-positioned to enactment economical maturation and withstand home and outer shocks,” Cardoso said.

“The CBN confirms that 33 banks person met the revise...