Signature Bank Limited has increased its capital base to ₦52 billion, surpassing the Central Bank of Nigeria’s revised ₦50 billion minimum capital requirement for regional commercial banks, according to The Guardian Nigeria.
The capital boost was achieved through a rights issue, part of the bank’s strategy to strengthen its capital adequacy, enhance financial resilience, and support long-term growth across its regional operations. Management said the increase positions the bank to finance larger transactions, expand its market presence, and deepen relationships with clients.
Chairman Alhaji Tijjani M. Borodo noted that the oversubscribed rights issue reflects strong shareholder confidence in the bank’s governance and strategic direction. Managing Director and CEO Nixon Iwedi described the milestone as a significant step in the bank’s development trajectory.
This achievement aligns with broader sector efforts, with 30 banks having met the CBN’s new minimum capital requirements by early 2026 through rights issues, public offers, and private placements, highlighting steady progress in Nigeria’s banking recapitalization drive, BusinessDay Nigeria reported.
