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.

#Copied

 

[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

 

[igwe emmanuel]

I belive fcmb, they will qualify

Sure

 

[Little Princess]

Great breakdown, @igwe emmanuel! Regarding FCMB, @mtuns is spot on—their ₦110.9 billion Rights Issue and Private Placement are the final pieces of the puzzle. Once those are allotted, they will comfortably cross the ₦200 billion National mark.
Also, just to add to what Igwe said about OPay and PalmPay: while they aren't 'commercial banks,' they are regulated as Mobile Money Operators (MMOs). The CBN actually raised the capital requirement for MMOs with 'national' licenses to ₦2 billion recently. It’s a drop in the ocean compared to the ₦500 billion for the likes of Zenith, but it shows that the 'recapitalization fever' is hitting every corner of our financial system! Who else is watching the Unity Bank and Providus merger talks closely?