cbn recapitalization

The Digest: Under the Central Bank of Nigeria's revised capital requirement policy, several Nigerian banks have secured their operational licences ahead of the March 2026 deadline. Access Bank, Fidelity Bank, First Bank, GTBank, UBA, and Zenith Bank have met the ₦500 billion paid-up capital...

The Digest: United Bank for Africa has exceeded the Central Bank of Nigeria’s N500 billion minimum capital requirement following the completion of its second rights issue tranche. The bank achieved the milestone well before the March 2026 deadline Key Points: UBA’s capital base now exceeds...

The Digest: TAJBank Plc has surpassed the Central Bank of Nigeria’s N20 billion minimum capital requirement for national non-interest banks, achieving the target well ahead of the March 2026 deadline. Key Points : TAJBank now meets the revised capital base for non-interest banks. The CBN’s...

The Digest: Billionaire investor and First Bank Chairman Femi Otedola has commended President Bola Tinubu’s “deep economic understanding” while announcing that the bank has met the Central Bank’s N500 billion minimum capital requirement ahead of the March 2026 deadline. Otedola also called for...