19 Nigerian Banks Meet Recapitalization Deadline Set by CBN

Nineteen Nigerian banks have successfully met the Central Bank of Nigeria's recapitalization requirements to continue operations by March 31, 2026. Notable compliant institutions include Fidelity Bank Plc, Zenith Bank, Guaranty Trust Bank, Ecobank, Stanbic IBTC, and Wema Bank.

Fidelity Bank Plc recently raised N250 billion through a private placement, showcasing strong investor demand and financial performance. The CBN Governor, Olayemi Cardoso, confirmed steady progress, with several banks exceeding the new capital requirements.