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30 Nigerian banks have met CBN’s new minimum capital requirements as of March 6, 2026, with 33 banks raising additional capital via IPOs and rights issues.
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Three banks are still under verification for full compliance ahead of the March 31 deadline.
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CBN continues close supervision to ensure banks meet prudential and recapitalization standards.
The Central Bank of Nigeria (CBN) announced that as of March 6, 2026, 30 Nigerian banks have met the new minimum capital requirements set by the apex bank, with the recapitalization program progressing steadily.
Spokesperson Hakama Ali-Sidi confirmed that 33 banks have raised additional capital through rights issues and IPOs, while the remaining three are undergoing routine verification to ensure compliance before the March 31 deadline.
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CBN emphasized continued supervisory engagement with banks to maintain prudential standards, noting that 10 additional banks have met requirements since February 24, 2026, following the announcement of updated capital thresholds in March 2024.
