Banks are in a last-minute push to meet the Central Bank of Nigeria’s recapitalisation deadline, with the apex bank expected to make a major announcement this week as the March 31, 2026, cut-off approaches.
Findings indicate that most lenders have substantially met the new capital requirements, while a few institutions are resolving final regulatory and structural issues ahead of the deadline.
Top officials of the CBN said the regulator would provide an update on the exercise on Tuesday or Wednesday, amid expectations that the process will largely conclude within the stipulated timeline.
The recapitalisation exercise, introduced in March 2024, requires banks to meet new minimum capital thresholds of up to N500bn for international commercial banks, as well as lower thresholds for other licence categories.
One week to deadline, banks in last-minute rush
