bank recapitalisation

The Digest: The Central Bank of Nigeria (CBN) has announced that 30 banks have met the new minimum capital requirements ahead of the March 31, 2026 deadline for the ongoing recapitalisation exercise. In a statement by Acting Director of Corporate Communications Hakama Ali, the CBN disclosed...

The Digest: Central Bank of Nigeria (CBN) Governor Olayemi Cardoso has announced that 20 banks have fully met the apex bank's minimum capital requirements, raising a total of N4 trillion as of February 19, 2026. Speaking at the MPC's 304th meeting in Abuja, Cardoso revealed that an additional...

The Digest: Credit rating agency DataPro has projected at least three significant bank mergers by early 2026 as tier-2 lenders rush to meet the Central Bank of Nigeria's March 31 recapitalisation deadline. The agency's report highlights that while major banks like Access, Zenith, and UBA have...

The Digest: With less than 90 days to the Central Bank of Nigeria’s recapitalisation deadline, 19 banks have now met the new capital requirements, including recent additions First Bank, Fidelity Bank, and FSDH Merchant Bank. Industry analysts expect more lenders to finalise their capital...

The Digest: With six months until the March 2026 deadline, only six of Nigeria’s 13 listed banks have successfully met the Central Bank’s stringent new capital requirements. This slow progress reveals the immense pressure on financial institutions to fortify themselves against economic...