14 Nigerian Banks Yet to Meet CBN Recapitalization Deadline

With just over eleven weeks remaining before the Central Bank of Nigeria’s (CBN) recapitalization deadline, 14 banks have yet to meet the minimum capital requirements.

As of January 6, 2026, 19 Nigerian banks had already complied with the apex bank’s recapitalization benchmark. Among those that have met the requirements are Access Bank, Fidelity Bank, First Bank, GTBank (GTCO), UBA, Zenith Bank, and twelve others.

The banks still falling short include First City Monument Bank (FCMB), Unity Bank, Keystone Bank, Union Bank (Titan), Taj Bank, Standard Chartered Bank, Parallex Bank, and SunTrust Bank. Others on the list are FBH Merchant Bank, Rand Merchant Bank, Coronation Merchant Bank, Alternative Bank, and some non-interest banks.

Financial experts have warned that the remaining banks may face pressure to merge or be acquired as the March 31, 2026, deadline approaches.