**Signature Bank Hits ₦52 Billion Mark, Exceeds CBN's Recapitalisation Threshold** In a major development, Signature Bank Limited has successfully increased its capital base to a whopping ₦52 billion, surpassing the ₦50 billion minimum requirement set by the Central Bank of Nigeria (CBN) for regional commercial banks. This significant milestone was achieved through a rights issue, which has positioned the Bank among institutions that have complied with the regulator's ongoing banking sector recapitalisation programme. The CBN's recapitalisation drive, announced in 2024, aims to strengthen Nigeria's banking sector by requiring banks to boost their capital buffers. This move is expected to improve financial stability, support larger lending capacity, and enhance resilience to domestic and global 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 within its regional markets. According to Alhaji Tijjani M. Borodo, Chairman of Signature Bank, the successful capital raise demonstrates strong shareholder confidence in the bank's strategy and governance. "This milestone reflects the continued commitment of our shareholders to the Bank's long-term vision," he said. "A stronger capital base enhances our resilience and enables us to support businesses and communities more effectively while delivering sustainable value to stakeholders." Managing Director and Chief Executive Officer, Mr. Nixon Iwedi, also expressed excitement about the recapitalisation. "Strengthening our capital base has positioned us to scale responsibly, deepen lending activities, and expand our reach across key economic regions in Nigeria," he said. "Our strategy remains focused on building a technology-driven bank that supports entrepreneurs, businesses, and households with innovative financial solutions." With a range of financial services including retail banking, SME financing, corporate banking, trade finance, treasury services, and digital payments, Signature Bank is well-positioned to support the growth of Nigeria's economy. The Bank's digital platforms have made it easier for customers to access financial services, and the recent capital raise is expected to further enhance its capabilities. This development is a positive sign for Nigeria's banking sector, which has been undergoing significant reforms in recent years. The recapitalisation programme aims to ensure that banks have sufficient capital to support the growth of the economy, and Signature Bank's success is a testament to the Bank's commitment to meeting this goal.