Out of the 13 listed banks on the Nigerian Exchange (NGX), six have so far met the new capital thresholds issued by the Central Bank of Nigeria (CBN).
They include Access Bank, Zenith Bank, GTBank, Wema Bank, Jaiz Bank, and Stanbic IBTC.
In March 2024, the CBN directed commercial banks with international authorization to increase their capital base to N500 billion, while those with national licenses must raise N200 billion.
Banks with regional authorization were given a N50 billion capital floor. Similarly, non-interest banks with national and regional authorizations are required to increase their capital to N20 billion and N10 billion, respectively.
The CBN gave a compliance deadline of March 2026.
Wema Bank confirmed its compliance with the new capital requirements in a September 10, 2025, press release, announcing that it had successfully surpassed the N200 billion threshold for national license banks following the completion of its N150 billion rights issue.
According to the press release, qualifying capital stood at N214.7 billion, comfortably above the regulatory requirement.
This implies that Wema raised about N199.573 billion, given its 2023 share capital and premium position of N15.127 billion and 8.572 billion new shares.
You probably aren’t well informed about this.
I suggest you make your findings right.