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, 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, NAN reports.
“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.
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