Central Bank of Nigeria (CBN) has revealed that 30 banks have successfully met the revised minimum capital requirements introduced under its ongoing banking sector recapitalisation programme.
Hakama Sidi Ali, Acting Director of Corporate Communications at the CBN, made the disclosure in a statement, explaining that the initiative, which began in 2024, is designed to improve the resilience, stability, and long-term capacity of Nigeria’s banking industry to support economic growth.
“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,” she said. “As of March 6, 2026, thirty banks have met the new minimum capital requirements applicable to their respective licences.”
Ali further noted that 33 banks have raised fresh capital through rights issues, initial public offerings (IPOs), and private placements as part of the recapitalisation exercise.
She added that the capital positions of the remaining banks are currently being verified by the apex bank before their compliance can be formally confirmed.
She assured that Nigeria’s banking system remains stable and sound, stressing that the recapitalisation programme is progressing as planned and will further strengthen the sector’s ability to support households, businesses, and sustainable economic development.
“The Central Bank of Nigeria will continue to maintain close supervisory engagement with regulated institutions to ensure full compliance with prudential and capital requirements,” she concluded.
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