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19 Nigerian Banks Meet CBN Recapitalization Requirement Ahead Of March Deadline - Business - Nairaland

Nairaland ForumNairaland GeneralBusiness19 Nigerian Banks Meet CBN Recapitalization Requirement Ahead Of March Deadline (21326 Views)

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19 Nigerian Banks Meet CBN Recapitalization Requirement Ahead Of March Deadline by Pakute(op): 8:01pm On Jan 09
As of January 6, 2026, nineteen Nigerian banks have met the Central Bank of Nigeria, CBN’s recapitalization requirements, ahead of the March 31 deadline.

This was disclosed in data released by The Cable Index on Tuesday.

The banks with international licenses that have complied include Access Bank, Fidelity Bank, First Bank, GTBank (GTCO), UBA, and Zenith Bank.

For banks with national and regional licenses, Citibank Nigeria, Ecobank Nigeria, Globus Bank, Stanbic IBTC, Sterling Bank, Wema Bank,

PremiumTrust Bank, and Providus Bank have all met the CBN’s recapitalization benchmarks.

Additionally, two non-interest banks, Jaiz and Lotus and three merchant banks, including FSDH, Greenwich, and Nova, have achieved the required capital thresholds.


Despite this progress, approximately 14 banks are still to meet the recapitalization requirement, confirming earlier reports by DAILY POST.

CBN had announced fresh capital requirements in March 2024: N500 billion for international banks, N200 billion for national banks, N50 billion for merchant banks, and between N10 billion and N20 billion for non-interest banks.
https://dailypost.ng/2026/01/07/19-nigerian-banks-meet-cbn-recapitalization-requirement-ahead-of-march-deadline/

Re: 19 Nigerian Banks Meet CBN Recapitalization Requirement Ahead Of March Deadline by Melagros(m): 10:47pm On Jan 09
COMRADES, thank God my bank dey up there, check very well oo, if your bank no dey there (no fit meet up) go and empty your money from the bank on Monday to avoid regret and heartbreak
Re: 19 Nigerian Banks Meet CBN Recapitalization Requirement Ahead Of March Deadline by Kutunban: 10:49pm On Jan 09
Great development, our financial institutions need to be strong.Honestly, this recapitalization thing is good for everyday Nigerians. It helps make banks stronger, so people won’t wake up one morning and hear stories of banks crashing with their savings inside. Stronger banks also means more loans for businesses, more jobs, and better support for things like farming, housing, and small businesses. At the end of the day, it’s about protecting our money and giving the economy more breathing space.
Re: 19 Nigerian Banks Meet CBN Recapitalization Requirement Ahead Of March Deadline by lordm(m): 10:51pm On Jan 09
GTbank and too much charges. Send N500 they will still take charges.
Re: 19 Nigerian Banks Meet CBN Recapitalization Requirement Ahead Of March Deadline by BitmapStudios: 10:51pm On Jan 09
FCMB nko?
Or will it merge with a banks like Fidelity or Polaris?
cool
Re: 19 Nigerian Banks Meet CBN Recapitalization Requirement Ahead Of March Deadline by Holluwhakemmy(f): 10:52pm On Jan 09
Melagros:
COMRADES, thank God my bank dey up there, check very well oo, if your bank no dey there (no fit meet up) go and empty your money from the bank on Monday to avoid regret and heartbreak
lol 😂 my banks are all there
Re: 19 Nigerian Banks Meet CBN Recapitalization Requirement Ahead Of March Deadline by ravensckar(m):
I know sey ACCESS BANK no go ever make the list. Very unfortunate bank with poor network services.

Only to be deducting someone's money like criminals. I opted out of SMS alert, the criminals were still charging me.

Awon Ole Jati-jati!

PS- Oooppppssss! Make all of una no vex abeg, na PARA MODE I take type wetin I type. Access Bank don really press my neck. huh huh
Re: 19 Nigerian Banks Meet CBN Recapitalization Requirement Ahead Of March Deadline by Newgiven: 10:52pm On Jan 09
Where is union bank? Can't complain.
Re: 19 Nigerian Banks Meet CBN Recapitalization Requirement Ahead Of March Deadline by BitmapStudios: 10:53pm On Jan 09
lordm:
GTbank and too much charges. Send N500 they will still take charges.
Have you tried Access? Even if you send N20, they will take their cut.
Re: 19 Nigerian Banks Meet CBN Recapitalization Requirement Ahead Of March Deadline by HelenaWills(f): 10:58pm On Jan 09
Where Wema bank dey see their money sef.
Beats me. grin
Re: 19 Nigerian Banks Meet CBN Recapitalization Requirement Ahead Of March Deadline by VoiceHenshaw27: 10:58pm On Jan 09
Wallets, such as OPAY, PALMPAY, FAIRMONEY etc couldn't make the list.
Re: 19 Nigerian Banks Meet CBN Recapitalization Requirement Ahead Of March Deadline by oluwaseyi0: 11:00pm On Jan 09
Congratulations to them
Other will eventually scale through or merge
Re: 19 Nigerian Banks Meet CBN Recapitalization Requirement Ahead Of March Deadline by Mckandre(m): 11:01pm On Jan 09
Where does piggyvest stand ?
Re: 19 Nigerian Banks Meet CBN Recapitalization Requirement Ahead Of March Deadline by Lanruze:
The devaluation of the Naira further made this an easy kill for the Banks.

The expansion of Banks into the CFA zone further strengthened the Naira balance sheet of those Banks with international licence.

An example is a Nigerian Bank aggregating a deposit of 200m CFA Franc = N550m
as such the attainment of such numbers would be a seamless capital base for the FUGAZ with Branches in CFA zone and other countries with strong currencies.
Re: 19 Nigerian Banks Meet CBN Recapitalization Requirement Ahead Of March Deadline by chijiokecosmos: 11:02pm On Jan 09
ravensckar:
I know sey ACCESS BANK no go ever make the list. Very unfortunate bank with poor network services.

Only to be deducting someone's money like criminals. I opted out of SMS alert, the criminals were still charging me.

Awon Ole Jati-jati!
Did you read it at all abi you no dey understand English language
Re: 19 Nigerian Banks Meet CBN Recapitalization Requirement Ahead Of March Deadline by happney65:
BitmapStudios:
FCMB nko?
Or will it merge with a banks like Fidelity or Polaris?
cool
Kó ni da fun FCMB together with the rest of them. I get account for there.

Fintech for Life!
Re: 19 Nigerian Banks Meet CBN Recapitalization Requirement Ahead Of March Deadline by idonhammer: 11:04pm On Jan 09
ACESS NA NUMBER ONE SEF... CORRECT BANK WITH SWAG


ravensckar:
I know sey ACCESS BANK no go ever make the list. Very unfortunate bank with poor network services.

Only to be deducting someone's money like criminals. I opted out of SMS alert, the criminals were still charging me.

Awon Ole Jati-jati!
Re: 19 Nigerian Banks Meet CBN Recapitalization Requirement Ahead Of March Deadline by Authoreety: 11:05pm On Jan 09
So ecobank is even there... If not for opay ehh ...

Ecobank been done frustrate shege comot for dia head...

Opay came to the rescue though
Re: 19 Nigerian Banks Meet CBN Recapitalization Requirement Ahead Of March Deadline by idonhammer: 11:06pm On Jan 09
DEM DEY WAIT FOR OBI CUBANA TO BORROW DEM MONEY

oluwaseyi0:
Congratulations to them
Other will eventually scale through or merge
Re: 19 Nigerian Banks Meet CBN Recapitalization Requirement Ahead Of March Deadline by Atheistan: 11:10pm On Jan 09
Didn't i see one guy on facebook dishing out list of banks that has not complied.
Dude is always out there giving fake data.
Re: 19 Nigerian Banks Meet CBN Recapitalization Requirement Ahead Of March Deadline by Ishilove:
ravensckar:
I know sey ACCESS BANK no go ever make the list. Very unfortunate bank with poor network services.

Only to be deducting someone's money like criminals. I opted out of SMS alert, the criminals were still charging me.

Awon Ole Jati-jati!
Open your eyes and read well again

Re: 19 Nigerian Banks Meet CBN Recapitalization Requirement Ahead Of March Deadline by Gbadugbakun(m): 11:14pm On Jan 09
What of OPAY hope have they met it. Because I no wan hear story o.
Re: 19 Nigerian Banks Meet CBN Recapitalization Requirement Ahead Of March Deadline by Enddy50ty(m): 11:14pm On Jan 09
Where's Opay?


I didn't see them on the list, my heart dey shake ooh
Re: 19 Nigerian Banks Meet CBN Recapitalization Requirement Ahead Of March Deadline by thatigboman: 11:19pm On Jan 09
VoiceHenshaw27:
Wallets, such as OPAY, PALMPAY, FAIRMONEY etc couldn't make the list.
those are fintechs, micro finance banks not commercial banks
Re: 19 Nigerian Banks Meet CBN Recapitalization Requirement Ahead Of March Deadline by Antoeni(m): 11:20pm On Jan 09
Opay should be Among The first 5
Re: 19 Nigerian Banks Meet CBN Recapitalization Requirement Ahead Of March Deadline by thatigboman: 11:20pm On Jan 09
Enddy50ty:
Where's Opay?


I didn't see them on the list, my heart dey shake ooh
opay is a micro finance bank not commercial bank
Re: 19 Nigerian Banks Meet CBN Recapitalization Requirement Ahead Of March Deadline by thatigboman: 11:21pm On Jan 09
Antoeni:
Opay should be Among The first 5
opay is a fintechs, a micro finance bank
Re: 19 Nigerian Banks Meet CBN Recapitalization Requirement Ahead Of March Deadline by thatigboman: 11:21pm On Jan 09
For those asking of opay, moniepoient, kuda etc, those are fintechs that transformed to microfinance banks not commercial banks.
Re: 19 Nigerian Banks Meet CBN Recapitalization Requirement Ahead Of March Deadline by thatigboman: 11:24pm On Jan 09
ravensckar:
I know sey ACCESS BANK no go ever make the list. Very unfortunate bank with poor network services.

Only to be deducting someone's money like criminals. I opted out of SMS alert, the criminals were still charging me.

Awon Ole Jati-jati!
check the list back. Access bank was one of the first to attain the goal
Re: 19 Nigerian Banks Meet CBN Recapitalization Requirement Ahead Of March Deadline by ZombieTAMER: 11:29pm On Jan 09
What of keystone

my money dey safe so ?
Re: 19 Nigerian Banks Meet CBN Recapitalization Requirement Ahead Of March Deadline by BodyCount: 11:29pm On Jan 09
Nice to see jaiz

I hope all these corruption a bo keys are not using it to launder money...
Re: 19 Nigerian Banks Meet CBN Recapitalization Requirement Ahead Of March Deadline by Kaa4(m): 12:14am On Jan 10
ZombieTAMER:
What of keystone

my money dey safe so ?
Keystone is yet ot be fully sold. SO it is still under CBN management
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