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Eight Nigerian Banks Achieve New CBN Capital Requirements Ahead of 2026 Deadline

Published by Tope Fakinlede on July 23rd, 2025.

Eight Nigerian Banks Achieve New CBN Capital Requirements Ahead of 2026 Deadline

Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, announced on Tuesday that eight Nigerian banks have already met the updated recapitalization standards set by the CBN, well before the March 2026 deadline.

Speaking at the conclusion of the 301st Monetary Policy Committee meeting, Cardoso did not specify which banks have fulfilled the requirements but highlighted that one bank successfully raised a substantial amount of capital through the London Stock Exchange.

He further noted growing international interest in investing in Nigeria’s financial sector, underscoring the global confidence in the country’s banking system.

“Eight banks have already exceeded the minimum capital thresholds,” Cardoso stated. “Additionally, one bank secured a significant capital raise on the London Stock Exchange, reflecting strong international appetite for investment in Nigeria. As regulators, we remain committed to supporting this progress.”

This announcement coincided with the CBN’s decision to maintain the Monetary Policy Rate at 27.50 percent.

Cardoso also pointed out increased confidence among Nigerians in the naira, which was valued at 1,532.54 per dollar as of Monday.

It’s important to remember that the CBN raised the minimum capital requirements for banks in March of last year, setting the deadline for compliance as M

arch 31, 2026.