Zenith Bank Plc has announced it has met and exceeded the ₦500 billion capital requirement set by Nigeria’s apex bank, signalling a strong financial position and the imminent end of its regulatory forbearance status.
In a statement submitted to the Nigerian Exchange Limited (NGX), the leading commercial bank responded to a recent directive from the Central Bank of Nigeria (CBN), which outlined guidelines for resolving breaches of the Single Obligor Limit (SOL) and other outstanding credit risks.
The bank confirmed that its SOL exposure involves a single client and that actions are in motion to bring the exposure back within acceptable regulatory levels by the end of June 2025.
Regarding other credit facilities under temporary regulatory leniency, Zenith said the issues concern only two customers, and that it has already undertaken significant provisioning measures.
“We are implementing the final steps to ensure full compliance with CBN requirements, and we anticipate completing this process by 30 June,” the statement read.
The bank further assured stakeholders that it is well-positioned to return to full compliance, paving the way for dividend distributions later in the year.
Zenith Bank’s capital raise and regulatory alignment are seen as a strategic response to the CBN’s broader reforms aimed at strengthening Nigeria’s banking sector amid evolving macroeconomic pressures.
The successful capital raise places the bank among the frontrunners in meeting new liquidity and risk management thresholds introduced to safeguard the stability of the nation’s financial ecosystem.
