•CBN headquarters, Abuja Thirty-four banks have met the new minimum capital threshold eight days to the deadline for banking recapitalisation. A provisional list reviewed yesterday showed that all the major banks with international banking licences, which control more than 70 per cent of the industry and most national banks have scaled the rec...
•CBN headquarters, Abuja With barely three weeks left before the deadline for Nigeria’s banking recapitalÂisation exercise, tension and anticipation are building across the financial indusÂtry as regulators, investors and customÂers await the final shape of the country’s banking landscape. The recapitalisation programme introduced by the Centr...
•CBN headquarters, Abuja The Central Bank of Nigeria (CBN) has disclosed that 30 banks have met the new minimum capital thresholds introduced under its ongoing banking sector recapitalisation programme. The update was contained in a statement issued yesterday by the Acting Director of Corporate Communications at the CBN, Hakama Sidi-Ali. The u...
•Governor of the Central Bank of Nigeria, Olayemi Cardoso Banks have raised N4.05tn in verified and approved capital ahead of the March 31, 2026, recapitalisation deadline set by the Central Bank of Nigeria. The CBN Governor, Olayemi Cardoso, disclosed this yesterday during the Monetary Policy Committee briefing in Abuja, saying, “As of Febru...
•Banks As Nigeria’s banking sector hurtles toward the Central Bank of Nigeria’s (CBN) recapitalisation deadline, four lenders — Union Bank, Keystone Bank, Unity Bank, and Polaris Bank — stand out for the wrong reasons. While Tier-1 banks have largely seÂcured their capital buffers or mapped clear paths to compliance, these instituÂtions remain...
•CBN Governor Olayemi Cardoso Banks are revving up multi-layered strategies as the banking recapitalisation draws down to its final and most decisive phase. With barely 52 working days to the deadline for banks to meet new capital requirements, many are narrowing down their options, with more focus on snap private equity and a shift along [&he...
•CBN Governor Yemi Cardoso The Central Bank of Nigeria (CBN) on Tuesday announced that sixteen banks have already met the new capital requirements. Speaking at the end of the Monetary Policy Committee (MPC) meeting on Tuesday in Abuja, Olayemi Cardoso, the govÂernor of the Central Bank of NigeÂria (CBN), said the recapitalisation exercise was ...
Barely six months to the March 31, 2026 deadline set by the Central Bank of NiÂgeria (CBN) for the country’s banks to recapitalise, it was learnt that only 14 out of the 24 lenders with commercial banking licences have met the set target. The CBN had last year given the country’s banks two years to […]
As the Central Bank of Nigeria’s (CBN) recapitalisation deadline elapsed yesterday, Tuesday, June 3, 2025, there are strong indications that about 95 percent of Bureau De Change firms will wind up. The Association of Bureau De Change Operators of Nigeria (ABCON) has revealed that the majority of the licensed currency traders are faced with unc...
With less than 15 months to recapitalisation deadline, banks have stepped up preliminary consultations on the prospect of business combinations. The ongoing recapitalisation is heading down to more competitive capital raising ahead of the March 31, 2026 deadline, reports The Nation. As of the last count, only three banks have met the new capit...
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