The Central Bank of Nigeria (CBN) has said 33 banks have met the minimum capital requirements under its recapitalisation programme.
The bank disclosed this on Wednesday, in a statement marking the end of the programme, which began in March 2024 and lasted 24 months.
According to the regulator, Nigerian banks raised a total of N4.65 trillion during the period.
It said 72.55 percent of the funds came from local sources, while 27.45 percent came from international investors.
Governor Olayemi Cardoso said the programme has strengthened the capital base of banks.
“The recapitalisation programme has strengthened the capital base of Nigerian banks and positioned the system to support economic activities and withstand shocks,” he said.
The CBN said a few banks are still undergoing regulatory and judicial processes.
It added that all banks remain in operation and services have not been disrupted.
The regulator said capital adequacy ratios in the sector remain above international benchmarks, with minimum thresholds set at 10 percent for regional and national banks and 15 percent for banks with international operations.
It also said the programme has improved asset quality and transparency in bank balance sheets.
The CBN said it has strengthened its supervisory framework, requiring banks to carry out stress tests and maintain capital buffers.
It added that regulatory guidelines will continue to be reviewed to support governance and risk management.
The bank said the programme has positioned the sector to support lending, savings and economic activities.
