₦4.65 Trillion Raised from Recapitalisation as CBN Concludes Programme
The Central Bank of Nigeria (CBN) has announced the successful conclusion of the banking sector recapitalisation
programme initiated in March 2024.
A statement jointly signed by Olubukola Akinwunmi,Director, Banking
Supervision and Hakama Sidi Ali (Mrs.)
Ag. Director, Corporate Communications said over the 24 month period, Nigerian banks raised a total of ₦4.65 trillion in new capital, strengthening the resilience of the financial
system and enhancing its
capacity to support the
economy.
The programme recorded
strong participation from
both domestic and
international investors, with
72.55% of capital sourced locally and 27.45% from international markets,
reflecting sustained confidence in the Nigerian
banking sector.
Governor Olayemi Cardoso
commented: “The recapitalisation programme has strengthened the capital base of Nigerian banks,
reinforcing the resilience of
the financial system and
ensuring it is well positioned
to support economic growth and withstand domestic and external shocks.”
Capital Strengthening and
Financial System Resilience
The CBN confirms that 33
banks have met the revised minimum
capital requirements established
under the programme.
A limited number of institutions remain subject to ongoing regulatory and
judicial processes, which are being addressed through established supervisory and
legal frameworks.
All banks remain fully
operational, ensuring
continued access to banking services for customers. The programme has
strengthened capital
adequacy ratios (CAR), with
the sector maintaining levels above international Basel benchmarks.
Minimum CAR thresholds
remain at 10% for regional
and national banks and 15%
for banks with international
authorization. The
recapitalisation,implemented alongside
an orderly exit from regulatory
forbearance, has improved
asset quality, reinforcing
balance sheet transparency
and overall financial system stability.
Enhanced Prudential Oversight and Risk based Supervision
To safeguard these gains, the CBN has strengthened its riskbased capital adequacy
framework, requiring banks
to conduct regular stress
testing across defined
scenarios and maintain
appropriate capital buffers.
Key regulatory measures,
including prudential
guidelines and the
supervisory framework, are
subject to periodic review to support ongoing strengthening of governance, risk management, and sector resilience.
Continuity of Operations and System Stability .
The recapitalisation programme was carried out without disruption to banking services, ensuring continuous access for individuals and businesses throughout the process.
The successful completion of the programme establishes a stronger and more resilient banking system, better
positioned to support lending, mobilise savings, and withstand domestic and
global shocks.
The Central Bank of Nigeria remains committed to maintaining a stable, transparent, and resilient financial system that inspires confidence among depositors, investors, and the broader public, and to advancing the sustainability of the nation’s financial architecture.
