Revealed! CBN sends clear message on health of Nigerian banks

• The Central Bank of Nigeria has dismissed misleading reports astir a licensed fiscal institution, reassuring the nationalist that the banking assemblage remains robust and harmless
• It emphasised its continuous monitoring of fiscal institutions done beardown risk-based oversight and aboriginal informing systems to rapidly code immoderate issues
• The CBN urged the nationalist to trust lone connected authoritative accusation sources and disregard unverified claims to support assurance successful the fiscal system

Legit.ng writer Zainab Iwayemi has 5-year-experience covering the Economy, Technology, and Capital Market.

Despite caller allegations, the Central Bank of Nigeria (CBN) has reassured the nationalist that the nation's banking manufacture remains robust and healthy.

The CBN dismissed misleading reports astir a licensed fiscal institution. Photo Credit: CBN
Source: Getty Images

The apex slope responded to what it called "misleading information" astir the activities of a licensed fiscal instauration that was circulating successful immoderate periodicals and connected societal media connected Monday, successful a connection released by its Acting Director of Corporate Communications, Hakama Ali.

The Bank reiterated its dedication to intimately monitoring each fiscal institutions nether its power utilizing beardown frameworks specified arsenic risk-based oversight and aboriginal informing systems, to rapidly place and resoluteness immoderate emerging problems.

It advised the nationalist to trust connected authoritative sources for factual accusation astir the fiscal system and to disregard sensational oregon unsubstantiated reports.

“The CBN wishes to categorically reassure the public, depositors, and stakeholders that the Nigerian banking assemblage remains resilient, safe, and sound. Like each different regulated institutions, the instauration referenced successful these reports is held to stringent regulatory requirements, and determination is nary origin for interest regarding the information of depositors’ funds.“The Bank affirms that it continues to show each fiscal institutions nether its regulatory purview and maintains robust frameworks for aboriginal informing signals and risk-based supervision. These mechanisms guarantee that immoderate emerging issues are promptly addressed to support the integrity of the fiscal system.

Photo Credit: Contributor
Source: Getty Images

“We impulse the nationalist to disregard sensational oregon unverified claims and trust solely connected authoritative channels for accusation astir the fiscal system.“The CBN remains dedicated to fostering a unafraid banking situation wherever depositors tin beryllium afloat assured successful the information of their funds. It volition proceed to show and accommodate strategies to safeguard the fiscal interests of each Nigerians and stakeholders successful our fiscal system,” the connection read.

Some banks acceptable to deed CBN requirements

Legit.ng reported that each indicators amusement that respective Nigerian banks are connected people to conscionable and surpass the Central Bank of Nigeria’s (CBN) recapitalisation targets adjacent earlier the March 2026 deadline.

Several large players successful Nigeria’s banking industry similar FCMB and GTCO person completed the archetypal portion of their superior rise efforts, done nationalist offers and rights issues, oregon backstage placement successful a fewer cases.

Interestingly, the marketplace outlook remains positive, particularly fixed the enthusiasm that has driven already completed superior raising exercises.

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Source: Legit.ng