The Central Bank of Nigeria (CBN) has disclosed that Nigerian banks mobilised a total of N4.61 trillion in fresh capital under the ongoing recapitalisation programme.
In a statement following remarks by the CBN Governor, Olayemi Cardoso, at the 4th Annual IMF/AFRITAC West 2 High-Level Executive Forum for Financial Sector Regulation and Supervision held in Abuja, the CBN said the capital raise followed the launch of the Banking Sector Recapitalisation Programme in 2024, a policy initiative aimed at strengthening the financial system amid macroeconomic reforms.
The CBN noted that the recapitalisation exercise is already yielding measurable outcomes, particularly in terms of improved investor confidence and regional expansion by Nigerian banks.
The programme, according to the CBN, is designed to ensure banks are better positioned to withstand economic shocks while supporting long-term growth in the economy.
It pointed out that the N4.61 trillion capital inflow represents an increase of about N560 billion compared to the N4.05 trillion in verified and approved capital earlier disclosed by the CBN in February 2026 ahead of the March 31 recapitalisation deadline.
The regulator also reiterated its stricter stance on corporate governance and financial discipline within the banking sector.
“Our stance on corporate governance is unequivocal: zero tolerance for violations. By ending years of regulatory forbearance, we have reinforced accountability, tightened supervision, and elevated compliance standards across the sector,” Cardoso was quoted to have said.
He further disclosed that the CBN has introduced measures to enforce credit discipline, particularly among large borrowers with non-performing loans.
