Three Nigerian banks have yet to meet the minimum capital requirements set by the Central Bank of Nigeria as of Friday, March 6, 2026, ahead of the regulator’s recapitalization deadline scheduled for March 31.
Mrs. Hakama Ali-Sidi, the spokesperson for the Central Bank of Nigeria, made this known in a statement issued on Friday.
According to the statement, 30 Nigerian banks have already satisfied their respective minimum capital requirements, leaving only three institutions yet to comply.
The apex bank added that the remaining three banks are currently undergoing routine verification of their capital positions after 33 banks successfully raised additional funds through rights issues and Initial Public Offering (IPOs).
“As of March 6, 2026, the recapitalization exercise is progressing steadily. Thirty (30) banks have met the new minimum capital requirements applicable to their respective license authorizations,” he said.
