US EditionNigeria: 33 of 37 Banks Met New Capital Requirements, Raised N4.65trn
The central bank said the sectorwide overhaul drew 72.55% of capital from local investors and 27.45% from abroad.
- On Wednesday, The Central Bank of Nigeria concluded its recapitalization program, with 33 banks meeting revised capital requirements by raising N4.65 trillion in new capital.
- Introduced in March 2024, the policy provided a 24-month window requiring banks to meet capital thresholds of N500 billion for international institutions, N200 billion for national, and N50 billion for regional banks.
- The CBN noted that 72.55% of capital came from domestic sources while 27.45% came from international markets, with Capital Adequacy Ratios remaining at 10% for national banks and 15% for international institutions.
- CBN Governor Olayemi Cardoso stated the program reinforced financial system resilience without disrupting banking services, as the apex bank continues enforcing prudential guidelines and supervisory frameworks to strengthen governance.
- Prof. Uche Uwaleke advised that the CBN must shift focus toward risk supervision, urging regulators to monitor governance lapses and ensure new capital translates into productive lending rather than speculative activity.
23 Articles
23 Articles
Nigeria: 33 of 37 Banks Met New Capital Requirements, Raised N4.65trn
The Central Bank of Nigeria (CBN), yesterday disclosed that Nigerian banks had raised a total of N4.65 trillion in new capital within 24 months, in a recapitalisation exercise that ended on March 31, 2026, strengthening the resilience of the financial system and enhancing industry capacity to support the economy.
Recapitalisation: N4.65trn Raised As 33 Banks Meet Deadline
The Central Bank of Nigeria (CBN) has announced the conclusion of its recapitalisation exercise in Nigeria’s banking sector, targeted at boosting the resilience of the financial system. This was disclosed in a statement jointly signed by the CBN Director, Banking Supervision, Olubukola Akinwunmi, and the Acting Director, Corporate Communications, Hakama Sidi Ali, yesterday. Daily Trust reports that the apex bank introduced a revised recapitalisa…
CBN concludes recapitalisation exercise as Nigerian banks raise N4.65 trillion
The CBN stated that the programme recorded strong participation from both domestic and international investors, with 72.55 per cent of capital sourced locally and 27.45 per cent from international markets, which reflects sustained confidence in the Nigerian banking sector. The post CBN concludes recapitalisation exercise as Nigerian banks raise N4.65 trillion appeared first on Premium Times Nigeria.
CBN Completes Bank Recapitalisation As 33 Lenders Meet New Capital Threshold
Nigeria’s banking sector has recorded a major regulatory milestone after the Central Bank of Nigeria (CBN) announced the conclusion of its recapitalisation programme, with 33 out of 38 banks meeting revised minimum capital requirements. The apex bank disclosed that the exercise, which began in March 2024, has now been successfully wrapped up following a 24-month implementation window aimed at strengthening financial system stability and resilien…
₦4.65 Trillion Raised As 33 Banks Meet CBN’s Capital Thresholds
The Central Bank of Nigeria (CBN) has announced the successful completion of its banking sector recapitalisation programme, revealing that 33 banks have met the revised minimum capital requirements after raising a combined ₦4.65 trillion. This was contained in a statement jointly signed by the CBN’s Director of Banking Supervision, Olubukola Akinwunmi, and […]
Coverage Details
Bias Distribution
- 67% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
