Thirteen Nigerian banks yet to meet recapitalisation requirement — CBN

The Central Bank of Nigeria has said thirteen Nigerian banks are yet to conscionable up with its recapitalization request arsenic the March 31st deadline draws near.

The Governor of CBN disclosed this connected Tuesday successful a briefing aft its 304th Monetary Policy Committee.

According to him, retired of 33 banks, lone 20 person met minimum superior requirements.

He said the MPC urged banks to guarantee the palmy completion of the recapitalization program.

“Members acknowledged the continued resilience of the banking sector.

“With regards to the ongoing recapitalization program. The committee noted that of the 33 banks that person raised further capital, 20 person met the caller minimum superior requirements, reaffirming dependable advancement to a reboosted and recapitalized fiscal system,” helium said.

Recall that successful March 2024 the apex announced a caller recapitalization request for Nigerian banks with 31st March 2026 arsenic the deadline.

Thirteen Nigerian banks yet to conscionable recapitalisation request — CBN