Foreign capital inflows into Nigerian banks surge as recapitalisation continues
Olayemi Cardoso, Governor of the Central Bank of Nigeria, announced that 32 banks have met new capital requirements under the ongoing recapitalisation programme. Data from the National Bureau of Statistics shows a significant increase in foreign capital inflows into the banking sector. The recapitalisation drive has strengthened the resilience of Nigerian banks and boosted investor confidence. The Central Bank of Nigeria reported that a substantial portion of new capital came from foreign investors.
TLDR
- Foreign capital inflows into Nigeria’s banking sector rose by 93.25 per cent year-on-year to $13.53bn in 2025, up from $7.00bn in 2024.
- The banking sector accounted for $13.53bn of the total $23.22bn recorded in 2025, representing 58.26 per cent of total inflows, up from 56.81 per cent in 2024.
- Inflows into the banking sector were strong throughout 2025, with quarterly figures showing significant increases compared to 2024.
- Olayemi Cardoso stated that 32 banks have already met the new capital requirements under the ongoing recapitalisation programme, ahead of the March 31, 2026, deadline.
- The Central Bank of Nigeria disclosed that 27 per cent of new capital under the recapitalisation programme came from foreign investors.
