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#Olayemi Cardoso

Cardoso Confirms 27 Banks Have Raised Capital to Meet Recapitalisation Targets

Central Bank of Nigeria Governor Olayemi Cardoso confirmed that 27 Nigerian banks have successfully raised fresh capital as part of the ongoing recapitalisation exercise. This major milestone aims to strengthen the nation's financial sector, boosting banks' resilience and lending capacity to support Nigeria's expanding economy.

Oluwabunmi Ayeni•11/28/2025

Article

27 Banks in Recapitalisation Drive as CBN Tightens Capital Rules

The Central Bank of Nigeria (CBN) has confirmed that 27 banks are actively raising fresh capital to meet its new recapitalisation requirements, while 16 banks have already met the threshold ahead of the March 31, 2026 deadline

95News•11/28/2025