Nigerian Banks Meet Capital Requirements Ahead of Deadline

The Central Bank of Nigeria has announced that 20 deposit money banks have already met the new capital requirements ahead of the deadline, as part of the ongoing recapitalization program. Dr. Muhammad Abdullahi, Deputy Governor of Economic Policy at the Central Bank of Nigeria, highlighted this achievement during a panel discussion at the launch of the 2026 macroeconomic outlook by the Nigerian Economic Summit Group in Lagos.

Governor Olayemi Cardoso disclosed that 16 banks have achieved full compliance with the revised capital requirements. The recapitalization program aims to build stronger banks capable of supporting Nigeria's goal of becoming a trillion-dollar economy.