Banking Sector Recapitalisation Programme 2024

Central Bank of Nigeria Circular
Summary

Raised minimum capital (paid-up plus share premium only) to ₦500bn for commercial banks with international authorisation, ₦200bn national, ₦50bn regional; ₦50bn merchant; ₦20bn/₦10bn non-interest. Compliance deadline 31 March 2026; options were fresh injection, M&A or licence downgrade.

Applicability

All commercial, merchant and non-interest banks and new licence applicants.

Open Source Document ↗
Document Details
Date Issued
28 Mar 2024
Date Effective
01 Apr 2024
Compliance Deadline
31 Mar 2026
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