US EditionNigerian Banks Raise N4.05 Trillion Ahead of Capitalisation Deadline
- The Central Bank of Nigeria revealed that 20 out of 33 banks have met new capital requirements, raising N4.05 trillion by the March 31 deadline.
- The recapitalisation policy, effective April 1, 2024, requires banks to raise capital within 24 months to strengthen the financial sector.
- Of the total raised, 71.6% is domestic investment and 28.33% is foreign investment, showing strong investor confidence.
- Financial institutions under regulatory intervention are exempt from strict deadlines, with depositors' funds secured under Central Bank of Nigeria supervision.
21 Articles
21 Articles
Cardoso: 20 Banks Have Met Recapitalisation Requirements
The Central Bank of Nigeria (CBN) says 20 Nigerian Banks have already met the new minimum capital requirement in the ongoing bank recapitalisation exercise. Governor of the CBN, Mr Yemi Cardoso, made this known on Tuesday in Abuja while presenting the communiqué from the 304th meeting of the apex bank’s Monetary Policy (MPC). The News Agency of Nigeria (NAN) recalls that in March 2024, CBN announced a major bank recapitalisation programme requir…
20 Banks Have Met New Capital Requirement" — CBN Gov Cardoso Announces Progress In Recapitalisation Drive
The Central Bank of Nigeria (CBN) says 20 Nigerian Banks have already met the new minimum capital requirement in the ongoing bank recapitalisation exercise. The Governor of the CBN, Yemi Cardoso, made this known on Tuesday in Abuja while presenting the communiqué from the 304th meeting of the apex bank’s Monetary Policy (MPC). The News Agency of Nigeria (NAN) recalls that in March 2024, CBN announced a major bank recapitalisation programme requi…
The Banks that Meet CBN’s New Capital Requirements Ahead of 2026 Deadline In a major move to strengthen Nigeria’s.
23 financial system, the Central Bank of Nigeria (CBN) has confirmed that 23 banks have successfully met the newly introduced minimum capital requirements under its ongoing recapitalization exercise.Read original..The directive, announced as part of broader reforms to enhance financial stability and resilience, requires all banks operating in the country to comply with updated capital thresholds by March 31, 2026. New Minimum Capital Requiremen…
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