“Thirty (30) banks have met the new minimum capital requirements applicable to their respective license authorizations,” stated Hakama Sidi Ali, a representative of the Central Bank of Nigeria (CBN), on March 6, 2026.

This announcement comes as part of a broader recapitalisation programme introduced in 2024, aimed at enhancing the resilience of Nigeria’s banking system. As of now, three banks are still undergoing regulatory verification for compliance, while a total of 33 banks have successfully raised additional capital through rights issues, initial public offerings (IPOs), and private placements.

The deadline for banks to meet these new capital requirements is set for March 31, 2026. The CBN has emphasized that the Nigerian banking system remains stable and sound, a crucial assurance amidst ongoing reforms.

“The recapitalisation programme remains firmly on track and will further strengthen the capacity of the banking sector to support households, businesses, and sustainable economic growth,” added Sidi Ali.

The CBN has committed to maintaining close supervisory engagement with regulated institutions during this recapitalisation process to ensure full compliance with prudential and capital requirements.

This regulatory push is viewed as one of the most significant reforms in Nigeria’s banking sector since the consolidation exercise in 2004, which aimed to stabilize and strengthen the financial landscape.

As the deadline approaches, the CBN’s proactive measures and oversight will be critical in ensuring that all banks meet the necessary standards, thereby fostering confidence in the financial system.

Details remain unconfirmed regarding the specific banks that are still in the verification process, but the CBN’s ongoing efforts highlight its commitment to a robust banking environment.

Сообщение 30 banks compliant cbn появились сначала на naijanewsreporters.