Banks have raised N4.05tn in verified and approved capital ahead of the March 31, 2026, recapitalisation deadline set by the Central Bank of Nigeria. The CBN Governor, Olayemi Cardoso, disclosed this on Tuesday during the Monetary Policy Committee briefing in Abuja, saying, “As of February 19, 2026, total verified and approved capital raise stands at N4.05tn.” The PUNCH observed that this figure was nearly double the N2.4tn reportedly raised as of April 2025. Cardoso said N2.90tn of the amount, representing 71.6 per cent, was mobilised domestically, while N1.15tn, equivalent to 28.33 per cent, came from foreign participation. “In summary, 71.67 per cent is domestic mobilisation and 28.33 per cent is foreign participation. This balance, in my view, represents a mix of domestic and foreign, which signals broad investor engagement and confidence in the sector,” Cardoso said. He recalled that he had earlier hinted at strong foreign investor appetite for Nigerian banks. “Several MPCs ago, I did mention that when I went abroad, and I met with some of the investor community, they had a very, very strong interest in investing in banks.