The Central Bank of Nigeria (CBN) has confirmed that 14 banks have satisfied the new capital requirements under its ongoing recapitalization drive.
The apex bank stated this during its September 22–23 Monetary Policy Committee meeting (MPC 302).
The completion of the recapitalization for these banks is intended to fortify balance sheets, improve risk absorption capacity, and support credit expansion.
The recapitalization exercise aligns with the CBN’s broader objectives of institutional reform, financial stability, and boosting investor confidence in the banking sector.
It also coincides with the end of forbearance measures on single obligors, as the regulator presses toward greater transparency and stronger credit discipline across banks.
Although the CBN has ended waivers and permissible forbearance, MPC members emphasized that the transition is temporary and controlled, asserting that the move does not threaten the system’s soundness.
The regulator reinforced that key financial soundness indicators across the banking system remain within acceptable prudential thresholds.
This development comes alongside a maintained liquidity ratio of 30 percent, a raised CRR of 45 percent for commercial banks, and the introduction of a 75 percent CRR on non-TSA public sector deposits — all designed to manage excess liquidity and enhance the transmission of monetary policy.
With the recapitalization milestone achieved by numerous banks, the CBN is positioning the sector to better support economic recovery, absorb shocks, and expand credit to critical sectors.
