By AGATHA N Uju, Correspondent, Abuja
The Central Bank of Nigeria (CBN) on Saturday disclosed that 30 banks have met the new minimum capital requirements applicable to their respective licence authorisations.
The apex bank stated, “In total, thirty-three (33) banks have raised additional capital through rights issues, initial public offerings (IPOs), and private placements as part of the programme”.
The CBN maintains that as of March 6, 2026, the recapitalisation exercise is progressing steadily. Introduced in 2024 to strengthen the resilience, stability, and long-term capacity of the nation’s financial system, the recapitalisation programme aims at supporting the Nigeria’s economic development and deepening the banking sector.
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.
The capital positions of the remaining banks are currently undergoing the Central Bank’s routine verification process ahead of final confirmation of compliance within the recapitalisation timeline.
The CBN reassured it will continue to maintain close supervisory engagement with regulated institutions to ensure full compliance with prudential and capital requirements.
The CBN said this in a statement by the Ag. Director, Corporate Communications, Mrs. Hakama Sidi Ali, and shared with The First Mail newspaper in Abuja.
The CBN reiterates that the Nigerian banking system remains stable and sound.
The apex bank further reassures the recapitalisation programme remains firmly on track and will further strengthen the capacity of the banking sector to support households, businesses, and sustainable economic growth.
