CBN CONFIRMS 14 BANKS HAVE MET NEW CAPITAL BASE

September 24, 2025
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The Central Bank of Nigeria (CBN) on Tuesday confirmed that 14 commercial banks have successfully met the new capital adequacy requirements ahead of the September deadline set for recapitalisation.

CBN Governor, Olayemi Cardoso, disclosed this during a media briefing in Abuja, noting that the apex bank was satisfied with the progress recorded so far in strengthening the financial system.

According to him, the recapitalisation exercise, introduced earlier this year, was designed to enhance banks’ resilience, safeguard depositors’ funds, and position the sector to better support Nigeria’s economic growth.

As of today, 14 of our commercial banks have fully complied with the new capital base requirements. This is a positive sign that the industry is moving in the right direction and that our financial system remains sound and stable”.

While the governor did not disclose the names of the banks, he explained that the CBN was closely monitoring those still in the process of raising additional capital. He reassured Nigerians that no licensed commercial bank would be allowed to collapse as a result of the exercise.

“The remaining institutions are already in advanced stages of compliance. We are working with them to ensure that they meet the set timelines without disruptions,” he added.

Industry analysts say the development could help restore confidence in the financial sector, attract foreign investment, and boost the lending capacity of banks. However, they also warn that smaller banks may face increased pressure to merge or explore strategic partnerships to meet the requirements.

The new capital regime, which raised the minimum capital base for commercial banks with international licenses, national licenses, and regional licenses, was introduced by the CBN earlier this year as part of ongoing reforms in the financial services sector.

The CBN is expected to publish a detailed report on the recapitalisation exercise in the coming weeks, which will include the status of all deposit money banks in the country.

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