WAHALA: 14 Nigerian banks yet to meet CBN’s recapitalization deadline [FULL LIST]

Keep up with the latest news and be part of our weekly giveaways and airtime sharing; follow our WhatsApp channel for more updates. Click to Follow us

With roughly eleven weeks till the Central Bank of Nigeria’s (CBN) recapitalisation deadline, fourteen banks have yet to achieve the requirement.

This comes as ZINGTIE reveals that 19 Nigerian banks have met the apex bank’s recapitalization standards as of January 6, 2025.

Access Bank, Fidelity Bank, First Bank, GTBank (GTCO), UBA, Zenith Bank, and twelve other banks have met the Central Bank of Nigeria’s minimum capital requirement.

However, as of the time of submitting this report, fourteen Nigerian banks have yet to comply.

The following banks have not met the apex bank’s recapitalization requirement: First City Monument Bank (FCMB), Unity Bank, Keystone Bank, Union Bank (Titan), Taj Bank, Standard Chartered Bank, Parallex Bank, and SunTrust Bank.

Others include FBH Merchant Bank, Rand Merchant Bank, Coronation Merchant Bank, Alternative Bank, and other non-interest banks.

Meanwhile, financial analysts have forecasted potential mergers and acquisitions before the March 31 deadline.

Please don’t forget to “Allow the notification” so you will be the first to get our gist when we publish it. 
Drop your comment in the section below, and don’t forget to share the post.