CBN Reports N4.65tn Raised in Bank Recapitalization

The Central Bank of Nigeria (CBN) disclosed that Nigerian banks raised a total of N4.65 trillion through a recapitalization program initiated in March 2024, aimed at enhancing the resilience of the financial system and supporting economic growth. The program, which concluded successfully on March 31, 2026, recorded strong participation from both domestic and international investors, with 72.55% of the capital sourced locally and 27.45% from the international market.

CBN Governor Mr. Olayemi Cardoso stated that the recapitalization program was designed to strengthen the capital base of Nigerian banks and ensure they can withstand domestic and external shocks. The CBN confirmed that 33 banks met the revised minimum capital requirements established by the program.

The apex bank emphasized its commitment to maintaining a stable and resilient financial system, which is crucial for inspiring confidence among depositors and investors.