Cardoso has confirmed that 14 banks have met CBN’s 2026 Recapitalisation target.
NaijaOnPoint Nigeria reports that Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has announced that 14 financial institutions have successfully met the apex bank’s 2026 recapitalisation requirement.
This Nigeria news platform understands that Cardoso disclosed this on Tuesday while addressing journalists after the 302nd Monetary Policy Committee (MPC) meeting in Abuja, noting that the nation’s banking sector “remains strong and resilient.”
Although he did not reveal the names of the banks, reports suggest that top-tier lenders such as Zenith Bank, Access Bank, Guaranty Trust Bank, Stanbic IBTC, and United Bank for Africa are among those that have already met the target.
“About 14 banks have met the regulatory capital requirements,” Cardoso said, marking a sharp increase from just eight banks that had met the threshold as of the July 2025 MPC meeting.
The recapitalisation directive, announced in March 2025, gave Nigerian banks until 2026 to raise fresh capital in order to strengthen the financial system and safeguard against shocks.
With today’s announcement, attention now shifts to the remaining banks racing against time to comply before the deadline.