Out of the 13 listed banks on the Nigerian Change (NGX), six have to this point met the brand new capital thresholds issued by the Central Bank of Nigeria (CBN).
They embrace Access Bank, Zenith Bank, GTBank, Wema Bank, Jaiz Bank, and Stanbic IBTC.
In March 2024, the CBN directed business banks with worldwide authorization to extend their capital base to N500 billion, whereas these with nationwide licenses should elevate N200 billion.
Banks with regional authorization got a N50 billion capital ground. Equally, non-interest banks with nationwide and regional authorizations are required to extend their capital to N20 billion and N10 billion, respectively.
The CBN gave a compliance deadline of March 2026.
Access Bank was the primary Tier-1 lender to hit the N500 billion new capital threshold for banks with worldwide authorization as set by the CBN.
Its dad or mum firm, Entry Holdings, introduced in late December 2024 that it had obtained regulatory approvals for a N351 billion rights difficulty.
This was mirrored within the group’s 2024 monetary statements, as share capital and share premium rose to N594.90 billion, up from N251.81 billion in 2023.
This means that the bank has further capital of N343.092 billion and extra shares of 17.773 billion new shares as shares excellent elevated from 35.55 billion in 2023 to 53.318 billion items, representing the issuance of 17.773 billion new shares.
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