The Central Bank of Nigeria has said that about 20 deposit money banks have already met the new capital requirements under the ongoing banking recapitalisation programme, as the apex bank shifts focus toward ensuring that stronger balance sheets translate into real sector credit growth.
This was disclosed by the Deputy Governor, Economic Policy, Central Bank of Nigeria, Dr Muhammad Abdullahi, on Thursday while speaking on a panel at the launch of the 2026 Macroeconomic Outlook of the Nigerian Economic Summit Group in Lagos.
The PUNCH had earlier reported that at the last Monetary Policy Committee meeting of 2025, the Governor of the Central Bank of Nigeria, Olayemi Cardoso, disclosed that 16 banks have achieved full compliance with the revised capital requirements, ahead of the deadline.
According to Abdullahi, the recapitalisation programme was designed to build stronger banks capable of supporting Nigeria’s ambition of becoming a trillion-dollar economy.
