CBN Concludes Bank Recapitalisation as 33 Lenders Meet Capital Requirements.

The Central Bank of Nigeria (CBN) has announced the successful conclusion of its bank recapitalisation exercise, confirming that 33 commercial banks have met the revised minimum capital requirements.

Launched in March 2024, the programme required banks to raise additional capital to strengthen their financial positions and enhance resilience. Over the two-year period, Nigerian banks raised a total of ₦4.65 trillion in new capital, with contributions from both domestic and international investors.

According to the CBN, the recapitalisation has improved capital adequacy ratios, enhanced balance sheet transparency, and positioned banks to better withstand economic shocks. All participating banks remain fully operational, and no disruptions to banking services were reported during the exercise.

CBN Governor Olayemi Cardoso described the recapitalisation as a major milestone in fortifying the Nigerian banking sector, enabling lenders to expand credit, mobilise savings, and support national economic growth.y

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