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Top banks battle fresh N531.6bn capital shortfall as CBN tightens rules

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Top banks battle fresh N531.6bn capital shortfall as CBN tightens rules

10 Jul, 2026

Nigeria’s largest banks could be forced into another round of capital raising despite completing recapitalisation exercises earlier this year, as the Central Bank of Nigeria (CBN)’s proposed overhaul of the financial holding company framework introduces fresh capital requirements estimated at more than N531.6 billion, Daily Sun investigations reveal on Thursday. The projection is contained in an analysis of the CBN’s exposure drafts on the Revised Guidelines for the Licensing and Regulation of Financial Holding Companies in Nigeria and the Guidelines on Ring Fencing Operations of Closely Linked Entities in the Nigerian Financial System, both issued on June 10, 2026..............….......READ MORE