Nigerian banks have raised N4.61 trillion in new capital through the Central Bank of Nigeria (CBN)’s Banking Sector Recapitalisation Programme, the apex bank announced on Tuesday during the 4th Annual IMF/AFRITAC West 2 High-Level Executive Forum in Abuja.
Launched in 2024, the programme aimed to strengthen the resilience of Nigerian banks amid ongoing economic reforms, including subsidy removals and exchange rate adjustments. Nearly 27% of the new capital came from foreign investors, and Nigerian banks have also expanded their footprint across African markets. The capital inflow is approximately N560 billion higher than the N4.05tn previously reported in February 2026.
The CBN highlighted that the initiative enhances investor confidence, positions banks to absorb economic shocks, and underscores the need for cross-border regulatory cooperation due to increasing African financial integration.
CBN Governor Olayemi Cardoso reaffirmed the bank’s commitment to robust corporate governance, credit discipline, and strict supervision. Measures include restricting banking services to non-performing large-ticket obligors, ensuring accountability and financial integrity.
The forum also discussed emerging risks linked to digital finance, artificial intelligence, and climate challenges, as the CBN works to balance innovation with financial stability.
