With 296 days until the CBN’s March 2026 recapitalization deadline, Nigerian banks are scrambling to meet the new, higher capital requirements.
Banks are employing strategies like rights issues, public offers, and mergers to meet the CBN’s mandates: N500 billion for international banks, N200 billion for national banks, and N50 billion for regional banks.
Zenith and Access Bank have already surpassed the requirements. GTB is entering its second phase of capital raising, while UBA is working to close its remaining capital gap. Providus Bank is awaiting regulatory approval for its business combination with Unity Bank as part of its recapitalization plan.
