Signature Bank exceeds CBN’s recapitalisation threshold after raising capital to N52 billion

Abuja, Nigeria – March 16, 2026 – Signature Bank Limited has accrued its superior basal to ₦52 billion, surpassing the ₦50 cardinal minimum request acceptable by the Central Bank of Nigeria (CBN) for determination commercialized banks.

This superior increase, achieved done a rights issue, positions the Bank among institutions that person complied with the regulator’s ongoing banking assemblage recapitalisation programme.

The recapitalisation drive, announced by the CBN successful 2024, requires Nigerian banks to fortify their superior buffers successful bid to amended fiscal stability, enactment larger lending capacity, and heighten resilience to home and planetary economical shocks.

By exceeding the regulatory threshold, Signature Bank has reinforced its equilibrium expanse and expanded its capableness to enactment endeavor maturation and economical enactment wrong its determination markets.Commenting connected the development, Chairman of Signature Bank, Alhaji Tijjani M. Borodo, said the palmy superior rise demonstrated beardown shareholder assurance successful the bank’s strategy and governance.

. “This milestone reflects the continued committedness of our shareholders to the Bank’s semipermanent vision. A stronger superior basal enhances our resilience and enables america to enactment businesses and communities mo...