Shareholders urge swift action as banks face recapitalisation deadline
With the recapitalisation deadline for Nigerian banks just months away, shareholder groups are pushing for urgent compliance. Many minority investors fear they could suffer losses if banks fail to meet the new minimum capital requirements. Olayemi Cardoso, governor of the Central Bank of Nigeria, revealed that 16 banks have already met the revised thresholds as of June 2025. The recapitalisation drive aims to strengthen the sector and support Nigeria’s economic ambitions.
TLDR
- Shareholder leaders, including Moses Igbrude and Bisi Bakare, are calling on banks to accelerate efforts before the June 2025 deadline.
- The CBN set new minimum capital requirements: N500bn for international, N200bn for national, and N50bn for regional banks.
- 16 banks have fully complied so far, while 27 others are raising capital through offers, rights issues, and mergers.
- Investors worry that lagging banks could face licence revocation or forced mergers, potentially harming shareholder value.
- The recapitalisation is seen as vital for financial stability and Nigeria’s push towards a $1tn economy by 2030.
