As part of efforts to strengthen the banking sector, the Central Bank of Nigeria (CBN) has introduced time-bound measures for some banks still completing their transition from the temporary regulatory support provided in response to the economic impact of the COVID-19 pandemic.
The CBN made this known via a statement issued by its spokesperson, Hakama Sidi-Ali, on Tuesday, June 17, 2025.
Sidi-Ali stated that the step was part of the CBN’s broader and sequenced strategy to implement the recapitalisation programme announced in 2023.
Sidi-Ali said the programme designed to align with Nigeria’s long-term growth ambitions has already led to significant capital inflows and balance sheet strengthening across the sector.
She said most banks have either completed or are on track to meet the new capital requirements well before the final implementation deadline of March 31, 2026.
The CBN spokesperson noted: “The measures announced apply only to a limited number of banks. These include temporary restrictions on capital distributions, such as dividends and bonuses, to support retention of internally generated funds and bolster capital adequacy.
“All affected banks have been formally notified and remain under close supervisory engagement.
“To support a smooth transition, the CBN has allowed limited, time-bound flexibility within the capital framework, consistent with international regulatory norms. Nigeria generally maintains Risk-Based Capital requirements that are significantly more stringent than the global Basel III minimums.
Stock market investors lose N183bn
“These adjustments reflect a well-established supervisory process consistent with global norms. Regulators in the U.S., Europe, and other major markets have implemented similar transitional measures as part of post-crisis reform efforts.”
Sidi-Ali stated that the CBN remains committed to continuous engagement with stakeholders throughout this period via the Bankers’ Committee, the Body of Bank CEOs, and other industry forums.
Sidi-Ali said the goal is to ensure a transparent, predictable, and collaborative regulatory environment.
She added: “Nigeria’s banking sector remains fundamentally strong. These measures are neither unusual nor cause for concern; they are a continuation of the orderly and deliberate implementation of reforms already underway.
“The CBN will continue to take all necessary actions to safeguard the sector’s stability and ensure a robust, resilient financial ecosystem that supports sustainable economic growth.”
- Osun 2026: Accord Party faction elects Bamigbola as guber candidate - December 14, 2025
- Gunmen kill 12, injure 29 during festival at Bondi Beach in Australia - December 14, 2025
- EPL: Man City thrash Crystal Palace as Aston Villa extend winning run - December 14, 2025
