14 Nigerian Banks Still Falling Short of CBN's Recapitalization Deadline [See the Full List]

Table of Contents

1. Recapitalisation Deadline
2. Compliant Banks
3. Non-Compliant Banks
4. Future Predictions

With only eleven weeks remaining until the Central Bank of Nigeria’s (CBN) recapitalisation deadline, fourteen banks have yet to fulfill the requirement.

This information comes as DAILY POST reports that, as of January 6, 2025, 19 Nigerian banks have met the apex bank’s recapitalisation standards.

The banks that have adhered to the CBN’s minimum capital requirements include Access Bank, Fidelity Bank, First Bank, GTBank (GTCO), UBA, Zenith Bank, and twelve others.

However, at the time of this report, fourteen Nigerian banks remain non-compliant.

These include First City Monument Bank (FCMB), Unity Bank, Keystone Bank, Union Bank (Titan), Taj Bank, Standard Chartered Bank, Parallex Bank, and SunTrust Bank.

Additionally, FBH Merchant Bank, Rand Merchant Bank, Coronation Merchant Bank, Alternative Bank, and other non-interest banks are also included in this list.

Meanwhile, financial experts anticipate potential mergers and acquisitions leading up to the March 31 deadline.

Eze Chidiebere Paul

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