Abuja, Nov. 26, 2025 – The Central Bank of Nigeria (CBN) has said that 16 banks have met the new minimum capital requirement.
Olayemi Cardoso, the Governor of the bank, disclosed this at press briefing held at the end of the Monetary Policy Committee (MPC) meeting in Abuja on Tuesday.
He said 16 banks had met the new minimum capital requirement which the committee considered a substantial progress.
Cardoso said the committee also noted with satisfaction the sustained resilience of the banking system as most of the banks had also met financial soundness indicators and remained within regulatory thresholds.
The apex bank governor also announced the MPC retained the Monetary Policy Rate (MPR) at 27% to sustain its monetary policy stance to check inflation.
The MPC also adjusted the Asymmetric Corridor around the MPR from +250/-250% to +50/-450%.
It retained the Cash Reserve Ratio (CRR) at 45.0% for Deposit Money Banks (DMBs) and 16.0% for Merchant Banks, while keeping the Liquidity Ratio at 30.0%.
