There is a loud silence from some commercial banks expected to achieve the new minimum capital base benchmark set by the Central Bank of Nigeria (CBN) as the race to the June 2026 deadline heats up.
Banks like GTCO, Fidelity, Zenith and Access have concluded their capital-raising plans, while other big lenders like Sterling Bank are approaching the finishing line.
However, some banks like Polaris and Providus Banks (merged with Unity) have either been silent about their progress or faced hurdles in meeting the CBN’s recapitalisation direc
