The Central Bank of Nigeria (CBN) has announced that 30 deposit money banks have satisfied the revised minimum capital requirements introduced under its ongoing banking sector recapitalisation programme.
In a statement issued on Friday, the Acting Director of Corporate Communications at the apex bank, Hakama Sidi Ali, said the recapitalisation initiative, which began in 2024, is aimed at reinforcing the stability, resilience, and long-term capacity of Nigeria’s banking industry to support national economic growth.
She explained that financial institutions across the sector have taken significant steps to strengthen their capital positions in line with the updated regulatory framework.
“As of March 6, 2026, thirty banks have successfully met the new minimum capital thresholds applicable to their respective banking licences,” she stated.
According to the CBN, a total of 33 banks have so far raised fresh funds through various channels, including rights issues, initial public offerings (IPOs), and private placements, as part of the recapitalisation exercise.
The apex bank noted that the capital status of the remaining banks is currently undergoing verification before final confirmation of compliance.
Ali also assured the public that Nigeria’s banking system remains stable and well-positioned, adding that the recapitalisation programme is progressing as planned and will strengthen the sector’s ability to support households, businesses, and broader economic development.
She added that the CBN would continue to closely monitor financial institutions to ensure adherence to prudential regulations and capital requirements.
