Signature Bank Limited has increased its capital base to N52 billion, surpassing the N50 billion minimum requirement set by the Central Bank of Nigeria (CBN) for regional commercial banks. The recapitalisation drive, announced by the CBN in 2024, requires Nigerian banks to strengthen their capital buffers in order to improve financial stability, support larger lending capacity, and enhance resilience to domestic and global economic shocks. The bank’s Chairman, Alhaji Tijjani M. Borodo described the increased capital as demonstrating strong shareholder confidence in the bank’s strategy and governance. SPONSOR AD “This milestone reflects the continued commitment of our shareholders to the Bank’s long-term vision. A stronger capital base enhances our resilience and enables us to support businesses and communities more effectively while delivering sustainable value to stakeholders,” he said. The bank’s managing director, Mr. Nixon Iwedi, stressed that the recapitalisation signals a right step in the bank’s growth trajectory. “Strengthening our capital base has positioned us to scale responsibly, deepen lending activities, and expand our reach across key economic regions in Nigeria. Our strategy remains focused on building a technology-driven bank that supports entrepreneurs, businesses, and households with innovative financial solutions,” he said. He added that the bank has reinforced its balance sheet and expanded its capacity to support enterprise growth and economic activity within its regional markets by exceeding the regulatory threshold. “This capital increase, achieved through a rights issue, positions the Bank among institutions that have complied with the regulator’s ongoing banking sector recapitalisation programme,” he said.