**Signature Bank Hits ₦52 Billion Mark, Exceeds CBN's Minimum Capital Requirement** In a significant development, Signature Bank Limited has successfully raised its capital base to ₦52 billion, surpassing the ₦50 billion minimum threshold set by the Central Bank of Nigeria (CBN) for regional commercial banks. This achievement is a major milestone in the bank's recapitalisation journey, which is aimed at strengthening the banking sector's financial stability and resilience. The recapitalisation drive, launched by the CBN in 2024, requires Nigerian banks to boost their capital buffers to support larger lending capacity and navigate potential economic shocks. By exceeding the regulatory threshold, Signature Bank has reinforced its balance sheet and expanded its capacity to support enterprise growth and economic activity in its regional markets. According to Alhaji Tijjani M. Borodo, Chairman of Signature Bank, the successful capital raise is a testament to strong shareholder confidence in the bank's strategy and governance. He noted that the stronger capital base will enable the bank to support businesses and communities more effectively while delivering sustainable value to stakeholders. Managing Director and CEO, Mr. Nixon Iwedi, echoed this sentiment, describing the recapitalisation as a key step in the bank's growth trajectory. He stated that the bank's strategy remains focused on building a technology-driven bank that provides innovative financial solutions to entrepreneurs, businesses, and households. As a full-service bank, Signature Bank offers a range of financial services, including retail banking, SME financing, corporate banking, trade finance, treasury services, and digital payments. With its strengthened capital base, the bank is well-positioned to scale responsibly, deepen lending activities, and expand its reach across key economic regions in Nigeria. Signature Bank's achievement is a positive development for the Nigerian banking sector, which is working to improve its resilience and stability. The bank's commitment to innovative financial solutions and its focus on supporting businesses and communities will likely have a positive impact on the economy.