Signature Bank Limited has boosted its capital base to ₦52 billion, exceeding the ₦50 billion minimum requirement set by the Central Bank of Nigeria (CBN) for regional commercial banks under the ongoing banking sector recapitalisation programme.
The achievement follows the successful completion of a rights issue, placing the bank comfortably above the regulatory benchmark and reinforcing its financial position as lenders race to meet the apex bank’s new capital thresholds.
The capital raise forms part of Signature Bank’s broader strategy to strengthen its balance sheet, enhance resilience, and support expansion across regional banking markets. With the enhanced capital base, the bank said it is now better positioned to finance businesses, support larger transactions, and deepen its presence in key economic corridors.
Commenting on the development, Chairman Tijjani M. Borodo said, “The successful execution of this rights issue demonstrates the strong commitment of our shareholders to the Bank’s long-term vision. With a strengthened capital foundation, we are better positioned to support enterprise development, promote inclusive growth, and deliver sustainable value to all our stakeholders.”
Managing Director and CEO, Nixon Iwedi, described the milestone as a major step in the bank’s growth journey, noting that it would accelerate innovation, deepen customer relationships, and enable support for larger-ticket transactions.
The recapitalisation aligns with the CBN directive for banks to maintain stronger capital buffers, a move aimed at building a more resilient and globally competitive financial system. Analysts say the stronger capital position will enable banks to finance bigger projects, absorb economic shocks, and support broader economic expansion.
Signature Bank provides a range of services including retail and corporate banking, SME financing, trade finance, structured lending, treasury services, and digital banking solutions through platforms such as the Signature Mobile App, USSD (*647#), and corporate internet banking platform, Signature Core.
Founded in 2022, the bank remains focused on delivering innovative, customer-centred financial services while supporting enterprise growth and economic development across Nigeria.
