FULL LIST: 14 Nigerian Banks Yet to Meet CBN Recapitalisation Deadline

With just eleven weeks remaining until the Central Bank of Nigeria’s (CBN) recapitalisation deadline, fourteen banks have not yet met the required minimum capital threshold.

As of January 6, 2025, nineteen banks, including Access Bank, Fidelity Bank, First Bank, GTBank (GTCO), UBA, and Zenith Bank, had already complied with the CBN’s recapitalisation requirements.

The banks still lagging behind include First City Monument Bank (FCMB), Unity Bank, Keystone Bank, Union Bank (Titan), Taj Bank, Standard Chartered Bank, Parallex Bank, and SunTrust Bank. Others on the list are FBH Merchant Bank, Rand Merchant Bank, Coronation Merchant Bank, Alternative Bank, and several non-interest banks.

Financial analysts have indicated that mergers and acquisitions could accelerate as banks seek to meet the March 31, 2025 deadline.