CBN Governor, Olayemi Cardoso
The Central Bank of Nigeria (CBN) has assured the banking public that Nigerian banks are buoyant.
The CBN said this in a statement issued by its Acting Director, Corporate Communications, Mrs Hakama Sidi Ali.
Ali’s statement was informed by reports in sections of the Nigerian media that some Deposit Money Banks had failed the apex bank’s Capital Adequacy Ratio (CAR) for international authorisation.
CBN suspends processing fees on cash deposits
“We wish to clarify that the Nigerian banking industry remains resilient as key financial soundness indicators were within the regulatory threshold as captured in the CBN economic report of 2023.
“Furthermore, the CBN is engaging with various critical stakeholders to sustain the level of confidence in the Nigerian financial sector.
“We, therefore, appeal to Nigerians to disregard media reports listing banks as failing the CAR stress test for international authorisation as the report did not emanate from the CBN,” she said.
The Obi-Kwankwaso Movement has unveiled a 59-member Presidential Campaign Council as it steps up preparations…
The 2027 governorship candidate of the All Progressives Congress in Ogun State, Senator Solomon Adeola,…
By CHRIS ISHAKU For decades, Plateau State has worn the celebrated label, “Home of Peace…
The Federal Government is planning to phase out electricity subsidies from 2027 as part of…
Some constituents of Kaduna North Federal Constituency have petitioned the National Drug Law Enforcement Agency…
LThe Economic and Financial Crimes Commission has commenced an investigation into a man, Usaini Ibrahim,…
This website uses cookies.