Following a two-year recapitalization drive, 33 Nigerian banks have officially scaled the CBN’s new capital hurdles.
According to a joint statement from Directors Olubukola Akinwunmi and Hakama Sidi Ali, the program concluded on March 31, 2026, with banks raising a combined N4.65 trillion.
This massive capital influx marks the successful end of a strategic initiative first introduced by the apex bank in March 2024.
The CBN said the programme recorded strong participation from both domestic and international investors, with 72.55 per cent of capital sourced locally and 27.45 per cent from international markets, reflecting sustained confidence in the Nigerian banking sector.
It, however, said a limited number of institutions still remained subject to ongoing regulatory and judicial processes, which are being addressed through established supervisory and legal frameworks.
Author
Leave a comment