Fourteen Nigerian banks are yet to comply with the Central Bank of Nigeria’s (CBN) recapitalization directive as the deadline set by the regulator approaches. The policy, which requires banks to raise their capital base, is aimed at strengthening the financial system and improving banks’ ability to support economic growth.

Industry analysts say the delay by some banks is linked to difficult market conditions, rising interest rates and investors’ cautious attitude toward the banking sector. Some of the affected banks are reportedly still negotiating with investors, planning rights issues, or exploring mergers as ways to meet the new capital requirement.

The CBN has maintained that the recapitalization exercise is not meant to punish banks but to protect depositors and ensure financial stability. The regulator believes that well-capitalised banks are better positioned to absorb economic shocks, support businesses with loans, and withstand global financial pressures.

Financial experts warn that banks that fail to meet the deadline could face regulatory sanctions, restrictions on operations, or even forced mergers. They advise shareholders and customers to monitor developments closely as the recapitalization process could reshape Nigeria’s banking landscape in the coming months.