ProvidusBank Limited has addressed recent media reports regarding its recapitalisation status, confirming that it has met the Central Bank of Nigeria’s (CBN) capital requirement.
According to the bank, it has maintained a capital base of ₦65Billion since January 2025, exceeding the ₦50Billion minimum required for regional commercial banks.
The clarification comes amidst reports questioning the recapitalisation status of some banks.
ProvidusBank emphasised that any suggestion it hasn’t met the threshold is inconsistent with its current regulatory standing.”
We confirm that we have been compliant with the CBN’s recapitalisation framework,” the bank stated. “Our capital base of ₦65Billion demonstrates our commitment to maintaining a strong financial position.
The CBN had announced the recapitalisation framework to strengthen Nigeria’s banking sector. ProvidusBank’s confirmation underscores its readiness to operate in compliance with regulatory guidelines.
