Nigerian Banks Secure Licences

The Central Bank of Nigeria (CBN) set a new minimum capital requirement for banks in March 2024, prompting them to raise additional capital by 31 March 2026. To operate internationally, banks need 500 billion in paid-up capital. As of early 2026, Access Bank, Fidelity Bank, First Bank, GTBank, UBA, and Zenith Bank secured international licences. For national licences, requiring 200 billion, banks include FCMB, Wema Bank, Standard Chartered Bank, Citibank Nigeria, Stanbic IBTC Bank, Sterling Bank, Globus Bank, and Premium Trust Bank. Will this consolidation lead to stronger banks supporting Nigeria's $1 trillion economy goal?

SOURCE: https://dailypost.ng/2026/01/17/nigerian-banks-that-have-secured-their-licences/