20 Nigerian Banks Meet New Capital Threshold

Central Bank of Nigeria (CBN) Governor Olayemi Cardoso announced Tuesday that 20 banks have met the new minimum capital requirement ahead of the March 31 deadline, raising a combined N4.05 trillion. This brings the total capital raised to N4.05 trillion, with 71.6% (N2.90 trillion) sourced domestically and 28.33% (N1.15 trillion) from foreign investors. The CBN reiterated the strategic importance of this recapitalization exercise, noting 33 banks have raised additional capital overall, with 20 already compliant. Key financial soundness indicators remain within regulatory limits, signaling sector resilience. The reform aims to position Nigerian banks for global competition, following steady progress from 14 compliant banks in September 2025 to 20 now meeting the threshold. Depositor funds remain secure under CBN oversight.

SOURCE: https://nairametrics.com/2026/02/24/cbn-20-banks-raise-n4-05-trillion-to-meet-capital-threshold/