Nigeria’s banking sector is entering the final stretch of its recapitalisation drive, with lenders stepping up capital actions ahead of the Central Bank of Nigeria’s March 31, 2026 , deadline. Analysts at Proshare say industry activity was subdued in the week ended February 12, as attention shifted from fundraising announcements to regulatory validation and capital confirmation processes. Capital actions across leading banks FCMB Group is undergoing capital verification by the Central Bank of Nigeria (CBN) to confirm whether it has met the new minimum capital threshold of N500 billion for international banks, according to Proshare analysts. The group previously secured its national banking licence in 2024 following an oversubscribed public offer and completed another ₦160 billion p...