Recapitalization: CBN gives update as 30 Nigerian banks meet new minimum capital requirements

The Central Bank of Nigeria says 30 banks have, arsenic of March 2026, met its minimum superior requirements up of the March 31 deadline.

The spokesperson of the apex bank, Hakama Ali-Sidi made the disclosure successful an update connection connected Friday.

According to CBN, 33 banks person been capable to rise further superior done rights issues and archetypal nationalist offerings (IPOs).

This means that arsenic of Friday, astatine slightest 3 banks person yet to conscionable the minimum superior requirements, but their superior presumption is presently undergoing a regular verification process up of last confirmation of compliance wrong the recapitalization timeline.

The apex slope noted that the recapitalization programme is progressing steadily.

“As of March 6, 2026, the recapitalization workout is progressing steadily. Thirty (30)

banks person met the caller minimum superior requirements applicable to their respective licence authorizations.

“In total, thirty-three (33) banks person raised further superior done rights issues, archetypal nationalist offerings (IPOs), and backstage placements arsenic portion of the program.

“The Central Bank of Nigeria will...