The Central Bank of Nigeria says it has successfully concluded the banking sector recapitalisation programme, strengthening the resilience of Nigeria’s financial system.
According to the apex bank, lenders raised ₦4.65 trillion in fresh capital within 24 months, with over 72 percent sourced locally and about 27 percent from international investors—an indication of sustained confidence in the sector.
CBN Governor, Olayemi Cardoso, says the exercise has reinforced banks’ capital base and improved their capacity to withstand economic shocks.
The CBN confirms that 33 banks have met the revised minimum capital requirements, while a few others remain under regulatory processes, with all institutions continuing normal operations.
It adds that the programme has improved capital adequacy ratios above global benchmarks, enhanced asset quality, and strengthened balance sheet transparency.
The apex bank says enhanced risk-based supervision and mandatory stress testing will sustain these gains, positioning the banking sector to support lending, savings mobilisation, and overall economic growth.
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