Recapitalisation is now reshaping Nigeria’s banking sector, signalling a shift towards greater strength.
The Central Bank of Nigeria reports early and encouraging outcomes.
Recapitalisation Gains Momentum
Speaking in Abuja, Governor Olayemi Cardoso confirmed that 32 banks met new capital requirements ahead of schedule.
He described this as a clear sign of rising confidence and stronger industry compliance.
The programme aims to build stronger banks and support long-term economic growth.
At the same time, it drives Nigeria’s ambition to become a $1 trillion economy.
Stronger Rules, Tighter Oversight
Beyond raising capital, the central bank has tightened rules across the sector.
It introduced a risk-based framework and enforced stricter limits on insider lending.
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Consequently, borrowers with large unpaid loans now face reduced access to new credit.
Meanwhile, regulators have improved supervision with digital tools and closer monitoring of cross-border operations.
This helps them detect risks earlier and respond more quickly.
Stability Returns To Markets
In addition, monetary policy has helped stabilise the economy in recent months.
Inflation fell from 34.8% in December 2024 to 15.06% in February 2026.
This followed sharp rate increases and a gradual easing cycle.
Furthermore, the foreign exchange market has improved in stability and transparency.
The central bank cleared over $7 billion in outstanding obligations and introduced a rule-based system.
As a result, the gap between exchange rates has narrowed.
Similarly, diaspora remittances have risen from $200 million to $600 million monthly.
The central bank now targets $1 billion in monthly inflows by 2026.
Finally, external reserves have strengthened, reaching $50.12 billion in February 2026.
Cardoso said these reforms continue to build confidence, with further gains expected.
