November 25, 2025
The Central Bank of Nigeria, CBN, has disclosed that ahead of the March 2026 deadline,16 banks have already met its recapitalisation threshold, marking steady progress in the industry’s efforts to strengthen balance sheets and comply with new regulatory requirements.
CBN Governor Olayemi Cardoso revealed the development during a press briefing at the end of the Monetary Policy Committee, MPC, meeting on Tuesday in Abuja.
Signalling what the Bank described as growing compliance across the sector, the updated figure is an improvement over the 14 banks that previously met the minimum capital requirement as of the last MPC meeting in September.
Cardoso said, “The committee noted with satisfaction the sustained resilience of the banking system, with most financial soundness indicators remaining within regulatory thresholds.”
He added that MPC members “acknowledged the substantial progress in the ongoing recapitalisation program, with 16 banks achieving full compliance with the revised capital requirements. The committee thus urged the Bank to ensure a successful implementation and conclusion of the program, among other domestic developments.”
READ MORE; CBN Adjusts MPR Band, Trigger Money Market Rates Crash.
On the country’s recent sovereign credit rating upgrade, CBN, applauded the synergy between fiscal and monetary authorities, which it said contributed to Nigeria’s recent sovereign credit rating upgrade by major agencies and the delisting of the country from the Financial Action Task Force (FATF) grey list.
“Members acknowledged that these positive developments would further boost investor confidence and improve capital flows to the economy,” the statement added.
The recapitalisation programme, announced last year, is part of the CBN’s broader strategy to reinforce the resilience of Nigeria’s financial system, strengthen banks’ capacity to absorb economic shocks, and enhance their ability to support rising credit needs across sectors of the economy.
Cardoso explained that the committee’s choice to hold the monetary policy rate at 27% reflects its assessment that current monetary conditions are beginning to yield positive results. He noted the gradual moderation in headline inflation and improved FX market liquidity as indicators that the tightening measures are working.
He noted that although inflationary pressures persist, m weaintaining the MPR at 27 percent provides necessary support for sustaining the downward movement in prices while anchoring expectations in the financial markets.
READ MORE; CBN Holds 303rd CBN MPC Meeting, Retain MPR At 27% To Sustain Inflation Fight.
The recapitalisation exercise is one of the most ambitious reforms by the CBN in recent years, with the goal of positioning Nigerian banks to compete more effectively in the global financial system.
In March 2024, the CBN directed commercial banks with international authorization to increase their capital base to N500 billion, while those with national licenses must raise N200 billion.
Some listed banks that have met the threshold include Access Bank, Zenith Bank, GTBank, Wema Bank, Jaiz Bank, and Stanbic IBTC.
