Four Banks Fail to Meet CBN Recapitalization Threshold

Providus Bank, Unity Bank, Keystone Bank, and Mauritius Bank have not yet met the Central Bank of Nigeria's (CBN) new minimum capital requirements as part of the ongoing recapitalization program. The CBN has set a deadline of March 31, 2026, for banks to comply with the new capital thresholds, which include N200 billion for national banks, N50 billion for regional banks, and N20 billion for non-interest banks.

As of the latest report, 30 banks, including Zenith Bank Plc, have successfully met these requirements. The recapitalization drive, which began in 2024, aims to strengthen the capital base of financial institutions in Nigeria and enhance their ability to support economic growth.

CBN's Director of Corporate Communications, Hakama Sidi Ali, stated that the Nigerian banking system remains stable and sound, and the recapitalization program is on track to further strengthen the banking sector.