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The Central Bank of Nigeria (CBN) has announced the completion of its banking sector recapitalisation programme, with Nigerian banks raising a total of ₦4.65 trillion over a two-year period, reinforcing the sector’s capacity to support economic growth.
Launched in March 2024, the recapitalisation exercise attracted strong participation from both domestic and international investors, signalling sustained confidence in Nigeria’s banking industry.
According to the apex bank, 72.55 per cent of the capital raised originated from local investors, while 27.45 per cent was sourced from foreign participants, highlighting continued global interest in the country’s financial markets.
CBN Governor, Olayemi Cardoso, noted that the programme has significantly strengthened banks’ capital positions, enhancing their ability to absorb shocks and extend credit to key sectors of the economy. He added that the exercise has improved overall financial system stability and resilience.
The regulator disclosed that 33 banks have met the new minimum capital requirements, while a small number remain within regulatory and judicial processes. It assured that all institutions continue to operate normally, with no disruption to customer services throughout the recapitalisation period.
The CBN further stated that the exercise has driven improvements in capital adequacy ratios, aligning them above global Basel standards, while also strengthening asset quality and balance sheet transparency. The programme was implemented alongside a phased withdrawal of regulatory forbearance to promote long-term sustainability.
To consolidate these gains, the apex bank has enhanced its risk-based supervision framework, mandating regular stress testing and the maintenance of adequate capital buffers across the sector.
The CBN reaffirmed its commitment to fostering a stable, transparent, and resilient financial system capable of supporting Nigeria’s long-term economic objectives.
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