Did Zenith Bank meet the Central Bank of Nigeria's 2024 recapitalisation requirement?

confidence: mediumas of 31 Oct 2026

Confirmed fact · as of 31 Oct 2026

The CBN raised the minimum capital for internationally authorised banks to N500 billion in March 2024, with a compliance window to March 2026. Zenith Bank raised about N290 billion through a rights issue and public offer in 2024 and was reported among the banks that met the new requirement.

C Nairametrics (reporting on CBN directive), CBN increases capital base for international banks to N500 billion (28 Mar 2024) · retrieved 31 Oct 2026 · C Nairametrics (reporting), Zenith Bank set to raise N290 billion capital through rights issue and public offer (30 Jul 2024) · retrieved 31 Oct 2026 · C BusinessDay Nigeria (reporting), Here are the banks that have met the new CBN capital rules (1 Apr 2025) · retrieved 31 Oct 2026

Reasoning

The CBN directive and Zenith's capital raise are well reported; the exact final capital position should be confirmed from Zenith's audited filings.

A claim review answers one narrow factual question from the cited sources. It is not a verdict on the company.