Basel III Capital Readiness Check
Checks how well your bank governs capital and liquidity under the Central Bank of Nigeria's Basel III guidelines after recapitalisation, from board oversight, ICAAP and stress testing to returns and Pillar 3 disclosure, and shows which areas need work.
Your answers stay in your own browser while you work. The SMO Africa receives only your headline result unless you choose to share more, keeps it for no more than 90 days, and is happy to sign an NDA with your organisation first.
Based on Central Bank of Nigeria – Basel III guidelines for banks (regulatory capital, leverage ratio, liquidity coverage ratio, liquidity monitoring tools, large exposures, liquidity risk management and ILAAP) and the Revised Guidelines on the Supervisory Review Process of the ICAAP, Basel III guidelines and reporting templates issued with circular BSD/DIR/PUB/LAB/14/063 (2 September 2021); Revised Guidelines on the Supervisory Review Process of ICAAP (2021); Guidance Notes on Pillar III – Market Discipline (27 June 2015). Official source. Checked 23 October 2026.
The SMO Africa works across government, financial services, industry, health and education. The same approach to strategy, performance and risk applies in every sector. See all our free readiness checks.
Sources
This check simplifies the regulator's rules into self-assessment questions. It was built from the sources below, checked on 23 October 2026. It is not legal or regulatory advice.
The CBN's own PDF files could not be opened when this check was built, so the circular and ICAAP guidelines were read from a published transcription (listed below). The 30 April 2026 stress-test date is from press reports. No minimum liquidity coverage ratio or net stable funding ratio figure is stated because neither could be confirmed from a CBN source.
- cbn.gov.ng https://www.cbn.gov.ng/Out/2021/BSD/Circular%20on%20Basel%20III%20Implementation%20by%20DMBS%20in%20Nigeria.pdf
- regalert.today https://regalert.today/document/91846daf-11e6-4af3-b14b-2e078bbcbe38/text
- regalert.today https://regalert.today/document/434938fc-fddf-42a6-a814-6f9cc5743baa
- cbn.gov.ng https://www.cbn.gov.ng/Out/2015/BSD/6.Revised%20Guidance%20Notes%20on%20Pillar%203%20Disclosure%20Requirement.pdf
- regalert.today https://regalert.today/document/a9a005e9-2137-41c5-ac9c-7b23d15db224/text
- nannews.ng https://nannews.ng/cbn-concludes-banking-sector-recapitalisation-as-operators-raise-n4-65trn/
- icirnigeria.org https://www.icirnigeria.org/bank-recapitalisation-30-banks-meet-threshold-three-undergoing-verification-cbn/
- legit.ng https://www.legit.ng/business-economy/money/1704249-nigerian-banks-face-test-recapitalisation-cbn-announces-deadline-stress-report/
- banwo-ighodalo.com https://www.banwo-ighodalo.com/news/lexology-in-depth-banking-regulation-nigeria/
- nairametrics.com https://nairametrics.com/?p=339962
- bis.org https://www.bis.org/publ/bcbs239.htm
Request your complimentary Readiness Review
A senior consultant reviews your result with your team in a complimentary first session and tests your answers against real evidence for a sample of requirements.
- Where you stand in each area, checked against evidence rather than estimates.
- The ownership, evidence and process gaps behind your weakest requirements.
- A prioritised list of what to fix first, and who should own it.