NIGERIAN BANKS REMAIN RESILIENT – CBN ASSURES
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The Central Bank of Nigeria has assured that Nigerian banks remain resilient in contrast to some reports suggesting otherwise.
The Apex bank made this known in a statement on Thursday in response to a report coming out from some media outlets suggesting that some of Nigeria’s licensed banks had failed CBN’s Capital Adequacy Ratio (CAR) for international authorities.
According to the statement, the Nigerian Banking Industry remains resilient as key financial soundness indicators were within the regulatory threshold as captured in the CBN’s most recent economic reports of 2023.
The statemnt further stated that the Central Bank is engaging with various critical stakeholders to sustain the level of confidence in the Nigerian financial sector.
The apex bank however, appeals to Nigerians to disregard the media reports listing banks as failing the CAR stress test for international authorization as it doesn’t emanate from the CBN.
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