The Business NG - December 22, 2025

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With just over 100 days to the Central Bank of Nigeria’s March 31, 2026 recapitalisation deadline, the banking sector has entered a decisive and revealing phase. While 16 banks have already met or exceeded the new capital thresholds, the fact that about 10 lenders are still racing against time underscores both the scale and seriousness of the reform.
This exercise is not merely a regulatory hurdle; it is a necessary response to evolving economic risks and opportunities. Governor Olayemi Cardoso’s emphasis on orderly completion and strong supervision reflects a clear policy direction: a banking system that is resilient, credible, and capable of supporting Nigeria’s growth ambitions. Stress tests showing improved shock resistance suggest that the reforms are already yielding results.
However, optimism must be matched with urgency. Banks still raising capital must accelerate execution and transparency to retain market confidence. Ultimately, successful recapitalisation will determine whether Nigeria’s financial system can truly underpin long-term economic transformation.