IMF/AFRITAC West 2

Company

Last mentioned: Mar 25, 2026

Timeline

  1. Capital Milestone Announced

    CBN confirms N4.61tn has been raised, highlighting strong foreign investor participation.

  2. Recapitalisation Launch

    CBN introduces the Banking Sector Recapitalisation Programme to boost bank resilience.

  3. Macroeconomic Reform Phase

    Banks navigate fuel subsidy removals and exchange rate liberalization.

Stories mentioning IMF/AFRITAC West 2 1

regulation Bullish

Nigerian Banks Secure N4.61tn in Capital Amid CBN Regulatory Reform Push

The Central Bank of Nigeria has announced that domestic banks successfully attracted N4.61 trillion in fresh capital following the 2024 recapitalization mandate. This influx, which includes a 27% contribution from foreign investors, marks a significant milestone in Governor Olayemi Cardoso's efforts to bolster financial stability and end regulatory forbearance.

2 sources