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Nigerian banks complete recapitalisation, raise ₦4.65 trillion

Nigeria's Central Bank has concluded a mandatory recapitalisation exercise in which domestic banks raised ₦4.65 trillion in new capital, with 72.55% sourced domestically and 27.45% from international investors. The exercise signals continued confidence in the sector despite Nigeria's macroeconomic challenges. The outcome suggests banks met CBN's enhanced capital requirements without major disruption.