The Central Bank of Nigeria Governor, Olayemi Cardoso, has revealed that eight Nigerian banks have met its recapitalization requirement ahead of the 2026 deadline.
Cardoso disclosed this on Tuesday at the end of its 301st Monetary Policy Committee meeting.
Although Cardoso did not mention the names of the banks, he emphasised that one of the Nigerian banks raised a significant amount of money in the London Stock Exchange.
He added that there is a lot of interest internationally in putting money into the Nigerian financial system.
“Already eight banks have surpassed the minimum required.
“Let me also say, in addition to that, we have one bank that has raised a significant amount of money in the London Stock Exchange. There is a lot of interest internationally in putting money in the Nigerian financial system. The key thing is that we as regulators will continue to play our part.”
His remarks come as CBN retained Nigeria’s Monetary Policy Rate at 27.50 percent.
Cardoso earlier said, Nigerians are having greater confidence in the naira which stood at N1,532.54 per dollar on Monday.
Recall in March last year, CBN raised minimum capital requirements for banks with March 31st, 2026, as the deadline.
