The Central Bank of Nigeria has announced a temporary relaxation of regulatory limits on Additional Tier 1 (AT1) capital in banks’ capital adequacy computations.
Effective from 30 June 2025 to 31 March 2026, the move is part of a broader transition plan to phase out COVID-era forbearance measures.
In a regulatory notice signed by the Director of Banking Supervision, Olubukola Akinwunmi, the CBN said the adjustment is aimed at bolstering capital buffers without undermining long-term stability or regulatory standards.
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The apex bank made clear the temporary relief does not replace the ongoing recapitalisation drive, nor alter minimum capital thresholds.
Restrictions remain in place for banks benefitting from the concessions—barring dividend payouts, executive bonuses, and foreign investments—until full compliance is restored. Quarterly disclosures on capital status and risk exposures will also be mandatory from June 2025.
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