…Several banks (33 so far) have already begun raising fresh capital through rights issues, private placements and other market-based instruments
By theG&BJournal
SAT MAR 07 2026-theGBJournal| Nigeria’s banking sector recapitalisation programme is gathering momentum, with the Central Bank of Nigeria (CBN) reporting encouraging progress as financial institutions move to strengthen their capital base ahead of regulatory deadlines.
The recapitalisation initiative, announced in 2024, as part of broader financial system reforms, is aimed at improving the resilience, stability and lending capacity of Nigerian banks in the face of evolving economic and global financial pressures.
By strengthening balance sheets, the policy is expected to position banks to support larger financing needs across key sectors of the economy, including infrastructure, manufacturing and energy.
According to the CBN, as of March 6, 2026, thirty banks have met the new minimum capital requirements applicable to their respective licence authorisations.
The apex bank said several banks (33 so far) have already begun raising fresh capital through rights issues, private placements and other market-based instruments, reflecting growing investor confidence in the sector.
The CBN said the capital positions of the remaining banks are currently undergoing the Central Bank’s routine verification process ahead of final confirmation of compliance within the recapitalisation timeline.
The CBN reiterates that the Nigerian banking system remains stable and sound and will continue to maintain close supervisory engagement with regulated institutions to ensure full compliance with prudential and capital requirements.
”Recapitalisation programme remains firmly on track and will further strengthen the
capacity of the banking sector to support households, businesses, and sustainable
economic growth,” the apex bank said.
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