30 banks meet CBN recapitalisation rules 19 days to deadline
As at today, 12th March 2026, 30 banks out of the 35 banks operating in the country have met the recapitalisation requirement of the Central Bank of Nigeria, CBN, according to findings by Vanguard.The remaining five banks have 19 more days to meet the recapitalisation deadline which ends on 31st March 2026. However, two are already in merger arrangements, and with that they met the recapitalisation requirement. The banks are Union Bank and Unity Bank.AdvertisementIt will be recalled that the recapitalisation programme was announced in November 2023 and formalized in CBN directives published on March 28, 2024.The recapitalisation requires each bank category to hold capital proportional to its operational scope.International commercial banks must raise their capital f...










