Nigerian Banks Secure New Licences

The Central Bank of Nigeria (CBN) introduced a new minimum capital requirement for banks in March 2024. To meet this, banks must raise capital by 31 March 2026. The goal is to create larger, more resilient banks. Banks with international licences (500 billion paid-up capital) include Access Bank, Fidelity Bank, First Bank, GTBank, UBA, and Zenith Bank. Banks with national licences (200 billion paid-up capital) 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 better services for you?

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