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Recapitalisation: Banks rush to finalise merger, acquisition deals as CBN’s March 31 deadline nears

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Recapitalisation: Banks rush to finalise merger, acquisition deals as CBN’s March 31 deadline nears

16 Feb, 2026

 

Nigeria’s banking industry is entering a high-stake endgame as the March 31 recapitalisation deadline set by the Central Bank of Nigeria (CBN) approaches. It has triggered intense deal-making, boardroom manoeuvring and investor horse-trading that insiders say could permanently redraw the country’s financial landscape. Industry data indicate that about 23 deposit money banks (DMBs) have met new capital thresholds, placing them ahead in the race to comply with regulatory reforms designed to strengthen financial stability and boost lending capacity in Africa’s largest economy...........................READ MORE