The Central Bank of Nigeria (CBN), yesterday disclosed that Nigerian banks had raised a total of N4.65 trillion in new capital within 24 months, in a recapitalisation exercise that ended on March 31, 2026, strengthening the resilience of the financial system and enhancing industry capacity to support the economy.
The central bank also announced the successful conclusion of the banking sector recapitalisation programme that was initiated in March 2024.
The CBN, in a statement signed by its Director, Banking Supervision, Olubukola A. Akinwunmi, and acting Director, Corporate Communications, Hakama Sidi Ali, stated that the exercise recorded strong participation from both domestic and international investors, with 72.55 per cent of capital sourced locally and 27.45 per cent from international markets, reflecting sustained confidence in the Nigerian banking sector.
Also yesterday, the CBN indicated that it has raised the regulatory bar for anti-money laundering compliance, directing banks and other financial institutions to take full ownership of their control frameworks, even as it set a June 10, 2026 deadline for the submission of implementation plans under its new automated AML standards.
