US EditionRecapitalisation: Fourteen Nigerian Banks Met Requirements – CBN Gov Cardoso
The Central Bank of Nigeria reported progress from 8 to 14 banks meeting new capital thresholds to boost sector stability ahead of the 2026 deadline.
- On Tuesday, Olayemi Cardoso disclosed that about 14 banks have met the regulatory capital requirements after the 302nd Monetary Policy Committee briefing in Abuja.
- The CBN's March 28, 2024 circular raised recapitalisation requirements to N500 billion , N200 billion and N50 billion with a March 31, 2026 deadline.
- The MPC terminated forbearance measures and waivers on single obligors, promoting transparency and risk management, and lowered the Cash Reserve Ratio for commercial banks to 45% from 50%, retaining the CRR for merchant banks at 16%.
- Meeting the targets strengthens banks by fortifying balance sheets, improving risk absorption and supporting credit expansion, the CBN said, urging remaining banks yet to comply to sustain efforts with about six months to the March 31, 2026 deadline.
- Looking beyond the immediate milestone, the policy excludes banks' reserves, shareholders' funds and retained earnings to compel fresh equity injections, restructurings or mergers and support Nigeria's broader economic recovery and credit needs.
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14 banks have met new capital requirement – Cardoso
Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, says 14 Nigerian banks have fully met the new capital requirement in the ongoing recapitalisation exercise. Cardoso said this on Tuesday in Abuja, while presenting a communiqué from the 302nd meeting of Monetary Policy Committee (MPC) of the CBN. The News Agency of Nigeria (NAN) reports that the CBN introduced a new minimum capital base requirement for banks, with tiers depending on li…
CBN: Banking sector resilient as 14 banks hit new capital threshold
Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has disclosed that 14 banks have successfully met the apex bank’s new capital threshold ahead of the March 2026 deadline. The post CBN: Banking sector resilient as 14 banks hit new capital threshold appeared first on Nairametrics.
Zenith Bank, GTBank, 12 Others Meet CBN Recapitalisation as Deadline Nears
By Adedapo Adesanya The Central Bank of Nigeria (CBN) has disclosed that 14 banks in the country have fully met the new capital requirement in the ongoing recapitalisation exercise, with five months left for the completion of the exercise. The Governor of the central bank, Mr Yemi Cardoso, confirmed the development while briefing journalists after […]
14 Nigerian Banks Meet Recapitalisation Requirements, CBN Confirms
The Central Bank of Nigeria (CBN) has confirmed that 14 banks have satisfied the new capital requirements under its ongoing recapitalization drive. The apex bank stated this during its September 22–23 Monetary Policy Committee meeting (MPC 302). The completion of the recapitalization for these banks is intended to fortify balance sheets, improve risk absorption capacity, […] The post 14 Nigerian Banks Meet Recapitalisation Requirements, CBN Conf…
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