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NGX All-Share Index gains 412 points — MTN, Zenith, GTCo top movers CBN holds MPR at 27.5% — rate cuts possible Q3 2026 Dangote Refinery begins export of refined petroleum products SEC Nigeria approves new digital assets trading framework NGX All-Share Index gains 412 points — MTN, Zenith, GTCo top movers CBN holds MPR at 27.5% — rate cuts possible Q3 2026
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23 banks have met CBN's recapitalization requirement ahead of the March 31, 2026, deadline.

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igwe emmanuel

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Mar 6, 2026
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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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