The apex bank said the new benchmark is designed to align Nigeria with global best practices.
The CBN said the recapitalisation programme is “progressing steadily.”
She said the CBN is committed to stimulating productivity, financial inclusiveness and delivering on the core mandate of monetary and price stability.
CBN has increased the minimum capital requirement for commercial banks with national licences from N25 billion to N200 billion.
The CBN spokesperson urged all deposit money banks, financial houses, Bureaux de Change and the general public to be more vigilant.
