CBN gives final update on Nigerian bank recapitalization, raises N4.65 trillion from 33 financial institutions
The Central Bank of Nigeria has given a final update on its recapitalization process as the deadline ended on March 31st, 2026.
In a statement by the apex bank’s director of the banking supervision department, Olubukola Akinwunmi, on Wednesday the process concluded successfully as the country raised N4.65 trillion.
DAILY POST recalls that since March 2024, CBN has been undergoing a recapitalization process.
In an update, the apex bank announced successful completion of the process.
The regulator said 72.55 percent of the capital acquired by banks is sourced locally, while the rest is gotten externally from international markets.
Governor Olayemi Cardoso, commenting on the development, said, “The recapitalization program has strengthened the capital base of Nigerian banks, reinforcing the resilience of the financial system and ensuring it is well-positioned to support economic growth and withstand domestic and external shocks,” Cardoso said.
“The CBN confirms that 33 banks have met the revised minimum capital requirements.
established under the program. A limited number of institutions remain subject to ongoing regulatory and judicial processes, which are being addressed through established
supervisory and legal frameworks.
All banks remain fully operational, ensuring continued access to banking services for customers.
“The program has strengthened capital adequacy ratios (CAR), with the sector maintaining levels above international Basel benchmarks. Minimum CAR thresholds remain at 10% for regional and national banks and 15% for banks with international authorization.
The recapitalization, implemented alongside an orderly exit from regulatory forbearance, has improved asset quality, reinforcing balance sheet transparency and overall financial system stability,” the CBN.
Eze Chidiebere Paul
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