2024, the Central Bank Governor rolled out a policy of increasing the minimum amounts of capitalization of Nigerian commercial banks aimed to strengthen the banking industry.

500 billion naira capitalization was stipulated as minimum for commercial banks with international authorization. 

A deadline of march 2026 was set for banks willing to attain that level of capitalization.

So far only two banks have been able to reach that level and they are the Zenith bank and the Access bank.

Four more banks are likely to beat the deadline of march 2026 and join the other two banks which have attained the minimum capitalization level.

They are Uba, First Bank, Garranty Trust Bank and Fcmb.