Abuja, Dec. 12, 2023: The Central Bank of Nigeria (CBN), has assured the banking public that Nigerian banks are buoyant.<\/p>\n\n\n\n
The CBN said this in a statement issued by its Acting Director, Corporate Communications, Mrs Hakama Sidi Ali.<\/p>\n\n\n\n
Ali\u2019s statement was informed by reports in sections of the Nigerian media that some Deposit Money Banks had failed the apex bank\u2019s Capital Adequacy Ratio (CAR) for international authorisation.<\/p>\n\n\n\n
\u201cWe 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.<\/p>\n\n\n\n
\u201cFurthermore, the CBN is engaging with various critical stakeholders to sustain the level of confidence in the Nigerian financial sector.<\/p>\n\n\n\n
\u201cWe, 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,\u2019\u2019 she said.<\/p>\n\n\n","protected":false},"excerpt":{"rendered":"
Abuja, Dec. 12, 2023: 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\u2019s statement was informed by reports in sections of the Nigerian media that some Deposit Money Banks […]<\/p>\n","protected":false},"author":2,"featured_media":5364,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[949],"tags":[251],"class_list":["post-54627","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-banks","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"yoast_head":"\n