Spread the word The Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, stated that the banking sector recapitalisation programme is progressing in accordance with the approved regulatory timetable, with activity accelerating as the March 31, 2026, deadline nears. Speaking at the close of the 304th Monetary Policy Committee (MPC) media briefing, on Tuesday, Cardoso disclosed that 20 banks have fully met the new minimum capital requirements, while a further 13 banks are at advanced stages of their capital-raising processes and are expected to conclude within the stipulated timeframe. He explained that institutions still finalising their plans were assessing a variety of strategic options, including consolidation where suitable, as part of efforts to meet compliance within ...