Nigerian banks have successfully raised a total of ₦4.65 trillion in fresh capital following the conclusion of the Central Bank of Nigeria’s (CBN) 24-month recapitalisation programme.
The exercise, which began in March 2024, was designed to strengthen the banking sector’s resilience, improve capital adequacy, and enhance the capacity of financial institutions to support economic growth amid domestic and global economic uncertainties.
The programme recorded strong participation from both domestic and international investors, with 72.55% of capital sourced locally and 27.45% from international markets, reflecting
sustained confidence in the Nigerian banking sector.
Governor Olayemi Cardoso commented: “The recapitalisation w has strengthened
the capital base of Nigerian banks, reinforcing the resilience of the financial system and ensuring it is wellpositioned to support economic growth and withstand domestic and external shocks.
Capital Strengthening and Financial System Resilience.
