Recapitalization deadline: Three Nigerian banks yet to meet CBN requirements

Three Nigerian banks are yet to conscionable the Central Bank of Nigeria’s minimum superior requirements arsenic of Friday, March 6, 2026, up of the apex bank’s recapitalization deadline connected March 31.

Mrs. Hakama Ali-Sidi, the spokesperson of CBN, disclosed this successful a connection connected Friday.

According to the statement, 30 Nigerian banks person met their respective minimum superior requirements, leaving lone 3 left.

The apex bank, however, noted that the remaining 3 banks are presently undergoing regular verification connected their superior positions aft 33 banks raised further superior done rights issues and archetypal nationalist offerings (IPOs).

“As of March 6, 2026, the recapitalization workout is progressing steadily. Thirty (30) banks person met the caller minimum superior requirements applicable to their respective licence authorizations,” helium said.

Recall that CBN governor, Olayemi Cardoso, successful its 304th Monetary Policy Committee briefing, stated that 20 banks retired of 33 person met superior requirements. Meaning that from February 24th to March 6th, an further 10 banks met their assorted minimum superior requirements.

Recall that successful March 2024, the apex slope announced caller superior requirements for banks with March 31, 2026, arsenic the deadline.

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