Business and Economy

20 Banks Meet CBN Recapitalisation Benchmark

Published

9 hours ago

February 26, 2026

Twenty Deposit Money Banks (DMBs) have successfully met the new recapitalisation deadline set by the Central Bank of Nigeria (CBN).
In addition, 13 other banks are currently at different stages of raising capital to comply with the stipulated deadline.
The Governor of the Central Bank of Nigeria, Mr.

Olayemi Cardoso, made this known on Tuesday at the end of the Monetary Policy Committee (MPC) meeting.
He revealed that the CBN has confirmed a total of N4.05 trillion as of February 19, 2026, representing investment funds injected by the banks.