Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has revealed that 14 banks have successfully complied with the apex bank’s revised capital requirements as part of the ongoing banking sector recapitalisation. The News Agency of Nigeria (NAN) earlier reported that the CBN’s recapitalisation policy introduced new minimum capital thresholds, based on the licence categories of banks. The revised structure sets the capital requirement for commercial banks with international licences at ₦500 billion, while those with national and regional licences are to meet ₦200 billion and ₦50 billion respectively. Merchant banks are required to hold ₦50 billion, while non-interest banks must meet ₦20 billion (national) and ₦10 billion (regional). The Cash Reserve Ratio (CRR) for commercial banks was revised downward from 50% to 45%, while the CRR for merchant banks remains at 16%.