Abuja, March 7, 2026 – Thirty banks have met the new minimum capital requirements of the Central Bank of Nigeria (CBN).
The CBN disclosed this in a statement on Friday.
Mrs. Hakama Sidi Ali, its Acting Director of Corporate Communications, said the exercise was designed to strengthen the resilience, stability, and long-term capacity of Nigeria’s banking sector to support economic development.
“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.
“As of March 6, 2026, thirty banks have met the new minimum capital requirements applicable to their respective licences,” she said.
Ali said although 33 banks had raised additional capital through rights issues, initial public offerings (IPOs) and private placements for the recapitalisation, the remaining banks were still undergoing verification of their capitalization process.
She said the Nigerian banking system still remained stable and sound, adding that the recapitalisation programme was on track and would further enhance the sector’s capacity to support households, businesses, and sustainable economic growth.
“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 said.
