Rand Merchant Bank Nigeria Limited (RMBN) has announced that it has met the Central Bank of Nigeria’s (CBN) banking sector recapitalisation requirement for merchant banks ahead of the March 2026 deadline.
In a statement seen by BusinessDay, the bank confirmed that it achieved the required threshold as of December 30, 2025.
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The milestone highlights RMBN’s financial strength, resilience, and commitment to regulatory compliance, while underscoring sustained shareholder confidence in both the Nigerian economy and the bank’s long-term strategy within the country’s evolving financial landscape.
“By meeting the CBN capitalisation deadline, RMBN is positioned to deepen its role in Nigeria’s financial system through the delivery of innovative financial solutions, enhanced customer confidence, and stronger support for the stability and growth of the banking sector,” it said.
Bayo Ajayi, the bank’s CEO, said the development reflects the bank’s strategic focus on building a resilient institution capable of navigating Nigeria’s dynamic operating environment.
“We are proud to have met the CBN’s capitalisation requirement. This achievement reflects our shareholders’ confidence in the Nigerian economy and our dedication to delivering best-in-class corporate and investment banking services across Nigeria and Africa.
“Our focus remains on building a stronger, more resilient institution that can thrive in Nigeria’s dynamic financial environment”, Ajayi said.
The recapitalisation programme, introduced by the CBN, is aimed at strengthening the balance sheets of banks, enhancing their capacity to absorb shocks, and improving their ability to support economic growth through increased lending and innovative financial services.
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In 2024, BusinessDay reported that Rand Merchant Bank Nigeria, through its funding vehicle, RMB Nigeria Issuance SPV, registered a N40 billion Multi-Instrument Issuance Programme.
Under the programme structure, Stanbic IBTC Capital was appointed as the lead issuing house, while RMB Nigeria serves as the joint issuing house.
