As of January 6, 2026, nineteen Nigerian banks have fulfilled the Central Bank of Nigeria’s (CBN) recapitalisation requirements ahead of the March 31 deadline.
This was revealed in data released on Tuesday by The Cable Index.
Among banks with international licences that have met the benchmark are Access Bank, Fidelity Bank, First Bank, GTBank (GTCO), United Bank for Africa (UBA) and Zenith Bank.
For institutions holding national and regional licences, Citibank Nigeria, Ecobank Nigeria, Globus Bank, Stanbic IBTC, Sterling Bank, Wema Bank, PremiumTrust Bank and Providus Bank have also complied with the CBN directive.
In addition, two non-interest banks—Jaiz and Lotus—as well as three merchant banks, FSDH, Greenwich and Nova, have reached the required capital thresholds.
However, about 14 banks are yet to meet the recapitalisation target, in line with earlier reports.
The CBN had announced new minimum capital requirements in March 2024, setting thresholds at ₦500 billion for international banks, ₦200 billion for national banks, ₦50 billion for merchant banks, and between ₦10 billion and ₦20 billion for non-interest banks.