Agusto & Co: 16 Banks Raised N1.7trn in 2024, N800bn Added in 2025

Agusto & Co's 2025 Nigerian Banking Industry Report revealed that 16 banks raised a total of N1.7 trillion in 2024, with an additional N800 billion raised by August 2025 to comply with the Central Bank of Nigeria's recapitalization directive. The report projected an additional N900 billion to flow into the sector by the end of the year.

Eight banks have already met the CBN's minimum capital requirement ahead of the March 2026 deadline. While the industry remained highly liquid, profitability outlook was less optimistic, with a projected 7% decline in profit after taxation in 2025.

The report also highlighted an increase in impaired loans, with the NPL ratio expected to reach 6% in 2025. Despite these challenges, Agusto maintains a stable outlook for the sector, forecasting improvement from 2026 onwards as banks fully deploy recapitalization proceeds to resolve bad loans and support business expansion.

The report emphasized the strong participation of local investors.