At least 34 banks in Nigeria have successfully met the Central Bank of Nigeria (CBN) recapitalisation requirements, just eight days before the March 31, 2026 deadline, Peak Newspaper reports.
The Banks That Have Met the Recapitalisation Requirement are.
International Banks (₦500 Billion Minimum)
GTCO
Zenith Bank
Access Holdings
United Bank for Africa (UBA)
First HoldCo
FCMB Group
Fidelity Bank
National Banks (₦200 Billion Minimum)
Stanbic IBTC
Wema Bank
Ecobank Nigeria
Sterling Financial Holdings
Premium Trust Bank
Standard Chartered Bank
Globus Bank
Optimus Bank
Citibank
Providus–Unity Bank (merger)
Non-Interest Banks (₦20 Billion Minimum)
Jaiz Bank
Lotus Bank
Taj Bank
The Alternative Bank (Sterling HoldCo)
Regional Banks (₦50 Billion Minimum)
Parallex Bank
Signature Bank
SunTrust Bank
Alpha Morgan Bank
NOVA Bank
Tatum Bank
Merchant Banks (₦50 Billion Minimum)
Greenwich Bank
FSDH Merchant Bank
Rand Merchant Bank
Quest Merchant Bank
Coronation Merchant Bank
Experts have described the process as one of the most successful recapitalisation exercises in Nigeria’s banking history, with little or no disruption expected.
The CBN has also reassured Nigerians that depositor funds remain safe, including in banks under regulatory watch such as Polaris Bank, Keystone Bank, and Union Bank.
