International investors have contributed approximately N1.27 trillion to the just concluded banking sector recapitalisation exercise by the Central Bank of Nigeria (CBN).
The CBN in a post on its social media diaclosed that Banks successfully mobilised a total of N4.65 trillion in fresh capital.
The influx of foreign capital represents 27.45% of the total funds raised, serving as a powerful endorsement of global confidence in the stability and transparency of the Nigerian financial system.
While local investors spearheaded the drive by contributing N3.37 trillion, or 72.55% of the total, the substantial offshore participation highlights a successful shift in international sentiment.
This global buy-in follows a period of rigorous oversight and the implementation of tighter risk management frameworks by the apex bank. According to data provided in the final updates of the exercise, 33 banks have emerged fully compliant with the new capital standards, ensuring they are well-capitalized to support large-scale economic projects across various sectors.
The Central Bank emphasized that this recapitalisation was achieved without disrupting consumer services, maintaining that depositor funds remain safe and secure.
To ensure these institutions remain resilient against market shocks, the bank is enforcing strict Capital Adequacy Ratio thresholds, set at 15% for international banks and 10% for regional and national entities.
This fortification of the banking sector is intended to provide a stable foundation for the nation’s growing economy, with banks now uniquely positioned to leverage their strengthened balance sheets to capture emerging opportunities.