The Central Bank of Nigeria (CBN) has officially completed its banking sector recapitalisation exercise, a major financial reform that started in March 2024.
Nigerian banks raised about ₦4.65 trillion in new capital over 24 months
33 banks met the new minimum capital requirements set by the CBN
Funding sources:
72.55% local investors
27.45% foreign investors
The reform aims to:
Strengthen banks’ financial stability
Improve their ability to support Nigeria’s economy
Align with global banking standards (Basel benchmarks)
What this means:
Nigerian banks are now stronger and better capitalised
The financial system is expected to be more resilient to economic shocks
Customers can still access banking services normally—no disruptions reported
Ongoing issues:
A few banks are still undergoing regulatory or legal processes
Some analysts say the reforms haven’t yet fully improved access to loans, especially for small businesses
Other recent CBN developments
The CBN also announced a 2026 policy agenda targeting:
Lower inflation
Exchange rate stability
stronger financial systems
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