Rand Merchant Bank Nigeria Limited has confirmed compliance with the Central Bank of Nigeria’s new capital requirements.
The bank disclosed this development in a statement released to the media on Monday.
According to the statement, the minimum capital requirement was achieved on December 30, 2025.
This achievement follows the CBN’s recapitalisation directive announced in March 2024.
Under the directive, international banks were required to raise minimum capital to N500 billion.
National commercial banks were mandated to meet a N200 billion capital threshold.
Meanwhile, regional and merchant banks were required to maintain minimum capital of N50 billion each.
In addition, non-interest banks faced revised requirements based on national or regional licences.
RMB Nigeria explained that meeting the requirement highlights its financial strength and long-term stability.
The bank also noted that the milestone reflects strong shareholder confidence in Nigeria’s economic outlook.
Furthermore, the development reinforces the bank’s commitment to regulatory compliance and prudent governance.
By meeting the threshold early, RMB Nigeria is better positioned to support clients effectively.
The bank aims to deliver innovative financial solutions and strengthen customer confidence.
Additionally, the achievement supports the stability and sustainable growth of Nigeria’s banking sector.
Commenting on the milestone, Chief Executive Officer Bayo Ajayi expressed satisfaction with the progress.
He stated that the achievement demonstrates confidence in Nigeria’s economy and RMB Nigeria’s strategic direction.
He also reaffirmed the bank’s focus on building a resilient corporate and investment banking franchise.
As a result, Rand Merchant Bank Nigeria joins other lenders meeting requirements before the March 2026 deadline.
Meanwhile, the CBN confirmed steady progress across the banking industry.
Governor Olayemi Cardoso noted that several banks have already exceeded the new thresholds.
Overall, the recapitalisation process continues to strengthen Nigeria’s financial system and investor confidence.
