![14 Nigerian Banks Yet to Meet CBN Recapitalisation Deadline [FULL LIST]](https://thepunchng.com/wp-content/uploads/2026/01/CBN-1000x600-1-360x180.webp)
![Popular Small-Size Actress Aunty Ajara Dies After Liver Illness [VIDEO]](https://thepunchng.com/wp-content/uploads/2026/02/20241109_125042-75x75.jpg)
![14 Nigerian Banks Yet to Meet CBN Recapitalisation Deadline [FULL LIST]](https://thepunchng.com/wp-content/uploads/2026/01/CBN-1000x600-1.webp)
With just 11 weeks to the Central Bank of Nigeria’s (CBN) recapitalisation deadline, 14 Nigerian banks are yet to meet the new minimum capital requirements.
According to The PUNCH, 19 banks had successfully met the CBN’s recapitalisation benchmark as of January 6, 2025.
Banks That Have Met CBN’s Capital Requirements
Some of the banks that have already complied include:
- Access Bank
- Fidelity Bank
- First Bank of Nigeria
- Guaranty Trust Bank (GTCO)
- United Bank for Africa (UBA)
- Zenith Bank
- …and 12 others
Banks Yet to Meet the Recapitalisation Requirement
As of the time of filing this report, the following 14 banks have not met the CBN’s recapitalisation target:
- First City Monument Bank (FCMB)
- Unity Bank
- Keystone Bank
- Union Bank (Titan Trust Group)
- Taj Bank
- Standard Chartered Bank Nigeria
- Parallex Bank
- SunTrust Bank
- FBH Merchant Bank
- Rand Merchant Bank
- Coronation Merchant Bank
- Alternative Bank
- Other non-interest banks
What This Means for the Banking Sector
Financial analysts say the looming March 31 deadline could trigger a wave of mergers and acquisitions, as some banks may struggle to raise fresh capital independently.
The CBN’s recapitalisation exercise is aimed at strengthening the Nigerian banking system, improving financial stability, and ensuring banks are better positioned to support economic growth.
