Nigerian Banks That Have Secured Their Licences

Nigerias banking sector is in the midst of one of its most transformative periods in decades. In March 2024, the Central Bank of Nigeria (CBN) announced a new minimum capital requirement for banks, prompting them to raise additional capital by 31 March 2026. The goal? Create larger, more resilient banks that can support big projects, strengthen the financial system, and help drive Nigeria toward a $1 trillion economy. It is important for everyday customers, investors, and businesses to understand that the new capital requirement is at different levels: International, National, and Regional. Banks That Have Secured International LicencesAn international banking licence allows banks to operate beyond Nigerias borders and engage in cross-border transactions. To qualify, banks must meet a higher capital threshold 500 billion in paid-up capital. As of early 2026, the following banks met this requirement and secured their international licences:Access Bank PlcFidelity Bank PlcFirst Bank of Nigeria LtdGuaranty Trust Bank (GTBank)United Bank for Africa (UBA)Zenith Bank Plc Banks That Have Secured National Licences A national banking licence allows operations across Nigeria but restricts international expansion. Banks need 200 billion in paid-up capital to secure this licence.FCMB (First City Monument Bank) currently pushing to raise additional capital to secure its international licence.Wema BankStandard Chartered Bank (Nigeria)Citibank NigeriaStanbic IBTC BankSterling BankGlobus BankPremium Trust Bank                The post Nigerian Banks That Have Secured Their Licences appeared first on Linda Ikeji Blog.