Nigeria Concludes ₦4.65 Trillion Bank Recapitalisation Programme

Nigeria’s Central Bank has concluded a two-year recapitalisation programme in which 33 banks raised a combined ₦4.65 trillion, equivalent to approximately $3.38 billion, in new capital by the March 31, 2026 deadline. Of the total capital raised, 72.55% was sourced domestically and 27.45% from international markets. CBN Governor Olayemi Cardoso said the programme has reinforced the resilience of the financial system and positioned banks to support economic growth.

The programme, launched in March 2024, introduced differentiated capital requirements based on the operational scope of each bank, with institutions holding international licences required to raise 500 billion naira. A limited number of banks remain subject to ongoing regulatory and judicial processes.