The Central Bank of Nigeria (CBN) has confirmed that 30 banks have met the new minimum capital requirements ahead of the March 31, 2026 deadline, reinforcing the stability of the nation’s banking system.
CBN Acting Director of Corporate Communications Development, Mrs. Hakama Sidi-Ali, disclosed this on Friday in a statement from Abuja. She said the banks raised additional capital through rights issues, initial public offerings (IPOs), and private placements as part of the recapitalisation programme.
“In total, 33 banks have raised additional capital, while the remaining banks’ capital positions are undergoing routine verification ahead of final compliance confirmation,” she said.
Mrs. Sidi-Ali added that the banking sector remains stable and sound, and the recapitalisation programme is on track to strengthen the sector’s capacity to support households, businesses, and sustainable economic growth.
CBN Governor Mr. Olayemi Cardoso had earlier stated that 20 banks had fully met the requirements, with 13 others at advanced stages expected to conclude within the regulatory timeline.
The CBN affirmed its commitment to close supervisory engagement with all regulated institutions to ensure full compliance with prudential and capital standards.
