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Countdown to March 2026: 10 Banks Scramble to Meet CBN Recapitalisation Deadline
The Business NG
|BusinessNg
With just over 100 days to the Central Bank of Nigeria's (CBN) March 31, 2026 recapitalisation deadline, 10 banks are still racing against time to meet the regulator's capital requirements, highlighting the final, high-stakes phase of Nigeria's most significant banking-sector reform in over a decade.
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FLERE HISTORIER FRA The Business NG
The Business NG
Countdown to March 2026: 10 Banks Scramble to Meet CBN Recapitalisation Deadline
With just over 100 days to the Central Bank of Nigeria's (CBN) March 31, 2026 recapitalisation deadline, 10 banks are still racing against time to meet the regulator's capital requirements, highlighting the final, high-stakes phase of Nigeria's most significant banking-sector reform in over a decade.
1 min
BusinessNg
The Business NG
Pushback Grows as Lawmakers Reject Gazetted Pro-Poor Tax Laws
The recently gazetted tax laws in Nigeria, aimed at reforming personal income taxation, are facing growing resistance from some lawmakers, despite claims that the reforms target fairness and progressivity.
1 min
BusinessNg
The Business NG
NDLEA Introduces Compulsory School Drug Tests to Curb Youth Substance Abuse
The National Drug Law Enforcement Agency (NDLEA) has rolled out a new policy mandating com-
1 min
BusinessNg
The Business NG
Tinubu Tells Governors: Respect Supreme Court, Give LGs Their Money
President Bola Ahmed Tinubuhas called on state governors across Nigeria to respect the Supreme Court's ruling guaranteeing financial autonomy for local governments.
1 min
BusinessNg
The Business NG
Foreign Investors Eye Undercapitalised Nigerian Banks Amid CBN Clampdown
Nigeria's banking sector is at the center of an intense recapitalisation drive as the Central Bank of Nigeria (CBN) tightens enforcement ahead of the March 31, 2026, compliance deadline.
1 min
BusinessNg
The Business NG
Lawyers Invoke FOI Act to Demand Disclosure of FIRS-France Tax Agreement
A civil society organisation, Lawyers for Civil Liberties, has invoked the Freedom of Information (FOI) Act to request access to the mem-
1 min
BusinessNg
The Business NG
Tinubu to Present N54 Trillion 2026 Budget to National Assembly Today
President Bola Ahmed Tinubu will on Friday (today) present the 54 trillion 2026 budget to a joint session of the National Assembly.
1 min
BusinessNg
The Business NG
Reps Amend Electoral Act, Approve Mandatory Electronic Transmission of Election Results
The House of Representatives has approved a proposal mandating the real-time electronic transmission of election results, marking a significant step toward strengthening Nigeria's electoral process.
1 min
BusinessNg
The Business NG
Abuja Blackout Deepens Security Fears as Residents Slam AEDC's Silence
Residents of several communities in Abuja have expressed growing frustration and fear after a prolonged power outage plunged parts of the Federal Capital Territory (FCT) into darkness, worsening security concerns and disrupting livelihoods.
1 min
BusinessNg
The Business NG
Telecom Failures Put Minister Bosun Tijani Under Public Scrutiny
Once celebrated as one of Nigeria's brightest tech minds, Minister of Communications, Innovation and Digital Economy, Bosun Tijani, is now facing mounting public criticism as Nigerians question the tangible impact of his tenure.
1 min
BusinessNg
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