As of January 6, 2026, nineteen Nigerian banks have met the Central Bank of Nigeria, CBN’s recapitalization requirements, ahead of the March 31 deadline.
This was disclosed in data released by The Cable Index on Tuesday.
The banks with international licenses that have complied include Access Bank, Fidelity Bank, First Bank, GTBank (GTCO), UBA, and Zenith Bank.
For banks with national and regional licenses, Citibank Nigeria, Ecobank Nigeria, Globus Bank, Stanbic IBTC, Sterling Bank, Wema Bank, PremiumTrust Bank, and Providus Bank have all met the CBN’s recapitalization benchmarks. 
Additionally, two non-interest banks, Jaiz and Lotus and three merchant banks, including FSDH, Greenwich, and Nova, have achieved the required capital thresholds.
Despite this progress, approximately 14 banks have yet to meet the recapitalisation requirement.
CBN had announced fresh capital requirements in March 2024: N500 billion for international banks, N200 billion for national banks, N50 billion for merchant banks, and between N10 billion and N20 billion for non-interest banks.
