As of January 6, 2026, nineteen Nigerian banks have successfully met the Central Bank of Nigeria CBN recapitalization requirements ahead of the March 31 deadline. This was revealed in data released on Tuesday by The Cable Index.
Among banks with international licenses, those that have complied include Access Bank, Fidelity Bank, First Bank, GTBank (GTCO), United Bank for Africa (UBA), and Zenith Bank.
For institutions operating with national and regional licenses, Citibank Nigeria, Ecobank Nigeria, Globus Bank, Stanbic IBTC, Sterling Bank, Wema Bank, PremiumTrust Bank, and Providus Bank have all achieved the required capital benchmarks.
In addition, two non interest banks Jaiz Bank and Lotus Bank have met the stipulated thresholds, alongside three merchant banks including FSDH, Greenwich Merchant Bank, and Nova Merchant Bank.
Despite this progress, about 14 banks are yet to meet the recapitalization requirements, confirming earlier reports by DAILY POST.
The CBN announced the revised capital requirements in March 2024, setting minimum thresholds of ₦500 billion for international banks, ₦200 billion for national banks, ₦50 billion for merchant banks, and between ₦10 billion and ₦20 billion for non interest banks.
