The Central Bank of Nigeria has unveiled a set of transitional measures to help banks wind down regulatory forbearance introduced during the COVID-19 pandemic.
In a circular signed by Director of Banking Supervision, Olubukola Akinwunmi, the CBN said the steps are aimed at restoring prudential discipline while ensuring a smooth exit from temporary reliefs.
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Effective 30 June 2025, all pandemic-related concessions — including waivers on single obligor limits — will lapse.
To support banks, the apex bank has suspended the one-year retention rule for writing off fully provisioned forbearance loans. It also temporarily removed caps on recognising additional tier 1 capital in computing capital adequacy ratios.
The CBN says the relief measures, which begin in June 2025, will last through the first quarter of 2026.
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