After a successful implementation of the banks’ recapitalisation policy by the Central Bank of Nigeria (CBN), which started in 2024 and ended in March 2026, it is expected that there will be greater access to credit for the real sector of the economy.
Thirty-three banks in different categories were recapitalised as stipulated by the Central Bank of Nigeria (CBN).
The international category was recapitalised with a minimum share capital of N500 billion, the national category with N200 billion and the regional with N50 billion, and altogether they raised a total of N4.65 trillion.
CBN Governor Olayemi Cardoso, at a briefing of the Senate Committee on Banking, Insurance and Other Financial Institutions on the activities of the CBN since the beginning of the year, noted that “with recapitalisation now completed, our focus has shifted towards ensuring that stronger capital translates into improved governance, enhanced risk management and support for productive activities.”
This post was originally published on this site.
