23 banks have met CBN's recapitalization requirement ahead of the March 31, 2026, deadline.

[igwe emmanuel]

INTERNATIONAL LICENSE (₦500B minimum):
1. Access Bank — ₦602.8B
2. Zenith Bank — ₦614B
3. First Bank
4. GTBank (GTCO)
5. UBA
6. Fidelity Bank — ₦564.5B

NATIONAL LICENSE (₦200B minimum):
7. Ecobank Nigeria
8. Stanbic IBTC
9. Sterling Bank
10. Wema Bank
11. Citibank Nigeria
12. Standard Chartered Nigeria
13. Globus Bank
14. PremiumTrust Bank
15. Providus Bank

NON-INTEREST BANKS (₦20B minimum):
16. Jaiz Bank
17. Lotus Bank
18. TAJBank
19. AltBank

MERCHANT BANKS (₦50B minimum):
20. FSDH Merchant Bank
21. Greenwich Merchant Bank
22. Nova Merchant Bank
23. Rand Merchant Bank

14 banks still haven't met the requirement. Deadline is 5 weeks away. Non-compliant banks face license downgrade or forced mergers. Your deposits are safe either way, CBN Governor Cardoso confirmed that.

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[Adegoroye]

INTERNATIONAL LICENSE (₦500B minimum):
1. Access Bank — ₦602.8B
2. Zenith Bank — ₦614B
3. First Bank
4. GTBank (GTCO)
5. UBA
6. Fidelity Bank — ₦564.5B

NATIONAL LICENSE (₦200B minimum):
7. Ecobank Nigeria
8. Stanbic IBTC
9. Sterling Bank
10. Wema Bank
11. Citibank Nigeria
12. Standard Chartered Nigeria
13. Globus Bank
14. PremiumTrust Bank
15. Providus Bank

NON-INTEREST BANKS (₦20B minimum):
16. Jaiz Bank
17. Lotus Bank
18. TAJBank
19. AltBank

MERCHANT BANKS (₦50B minimum):
20. FSDH Merchant Bank
21. Greenwich Merchant Bank
22. Nova Merchant Bank
23. Rand Merchant Bank

14 banks still haven't met the requirement. Deadline is 5 weeks away. Non-compliant banks face license downgrade or forced mergers. Your deposits are safe either way, CBN Governor Cardoso confirmed that.

#Copied

FCMB will always meet up too ...

 

[igwe emmanuel]

FCMB will always meet up too ...

Yes, they're finding their way to meet-up

 

[mtuns]

FCMB will always meet up too ...

Maybe after the allotment of their right issue

 

[igwe emmanuel]

Maybe after the allotment of their right issue

True… a lot can change after the allotment of their rights issue, and that’s when we might see some interesting movements in the stock.

 

[mtuns]

Is opay and palmpay also included in this recapitalization exercise

 

[igwe emmanuel]

Is opay and palmpay also included in this recapitalization exercise

No, they’re not included. Opay and PalmPay are fintech platforms, not commercial banks, so the recapitalization exercise doesn’t apply to them.

 

[Mr.Simon]

I belive fcmb, they will qualify

INTERNATIONAL LICENSE (₦500B minimum):
1. Access Bank — ₦602.8B
2. Zenith Bank — ₦614B
3. First Bank
4. GTBank (GTCO)
5. UBA
6. Fidelity Bank — ₦564.5B

NATIONAL LICENSE (₦200B minimum):
7. Ecobank Nigeria
8. Stanbic IBTC
9. Sterling Bank
10. Wema Bank
11. Citibank Nigeria
12. Standard Chartered Nigeria
13. Globus Bank
14. PremiumTrust Bank
15. Providus Bank

NON-INTEREST BANKS (₦20B minimum):
16. Jaiz Bank
17. Lotus Bank
18. TAJBank
19. AltBank

MERCHANT BANKS (₦50B minimum):
20. FSDH Merchant Bank
21. Greenwich Merchant Bank
22. Nova Merchant Bank
23. Rand Merchant Bank

14 banks still haven't met the requirement. Deadline is 5 weeks away. Non-compliant banks face license downgrade or forced mergers. Your deposits are safe either way, CBN Governor Cardoso confirmed that.

#Copied