CBN REPORTS 19 BANKS MEET RECAPITALIZATION TARGET AHEAD OF MARCH
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By: Fasasi Hammad
As of January 6, 2026, nineteen Nigerian banks have met the Central Bank of Nigeria’s (CBN) recapitalization requirements ahead of the March 31 deadline. The development was disclosed in data released by The Cable Index on Tuesday.
Among banks with international licenses, Access Bank, Fidelity Bank, First Bank, GTBank (GTCO), UBA, and Zenith Bank have all complied. For banks with national and regional licenses, Citibank Nigeria, Ecobank Nigeria, Globus Bank, Stanbic IBTC, Sterling Bank, Wema Bank, PremiumTrust Bank, and Providus Bank have achieved the required capital benchmarks.
In addition, two non-interest banks—Jaiz and Lotus—and three merchant banks, including FSDH, Greenwich, and Nova, have also met the capital thresholds set by the CBN.
Despite this progress, approximately 14 banks are yet to meet the recapitalization requirement, corroborating.
The CBN had announced the fresh capital requirements in March 2024: N500 billion for international banks, N200 billion for national banks, N50 billion for merchant banks, and between N10 billion and N20 billion for non-interest banks.
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