Tuesday, September 9, 2025
23.9 C
Lagos

CBN Reassures Public on Banking Sector Stability

The attention of the Central Bank of Nigeria (CBN) has been drawn to certain publications and social media reports containing misleading information regarding the operations of a regulated financial institution.

The CBN wishes to categorically reassure the public, depositors, and stakeholders that the Nigerian banking sector remains resilient, safe, and sound.

Like all other regulated institutions, the institution referenced in these reports is held to stringent regulatory requirements, and there is no cause for concern regarding the safety of depositors’ funds.

The Bank affirms that it continues to monitor all financial institutions under its regulatory purview and maintains robust frameworks for early warning signals and risk-based supervision.

These mechanisms ensure that any emerging issues are promptly addressed to protect the integrity of the financial system.

We urge the public to disregard sensational or unverified claims and rely solely on official channels for information about the financial system.

The CBN remains dedicated to fostering a secure banking environment where depositors can be fully confident in the safety of their funds.

It will continue to monitor and adapt strategies to safeguard the financial interests of all Nigerians and stakeholders in our financial system.

Signed:

Hakama Sidi Ali (Mrs.)

Ag. Director, Corporate Communications

spot_img
spot_img

Hot this week

Nigeria, Brazil Central Banks Deepen Economic, Financial Co-operation

Nigeria’s Central Bank Governor, Olayemi Cardoso, has held talks...

Ecobank Nigeria to Host Second Edition of Design & Build, Showcasing Premier Innovators in Design, Construction

Ecobank Nigeria, a subsidiary of the leading pan-African banking...

Expert: Fintech, Financial Inclusion Critical for Sustainable Growth of Nigerian Economy

A renowned economist, Dr. Biodun Adedipe, the Chief Consultant/CEO,...

Sterling Bank Marks One Year of Africa’s Groundbreaking Core Banking System

Number one Best Workplace in Banking in Nigeria and...

Topics

Vodacom Partners Microsoft to Enable Greater Agile Businesses

L-R: Commercial Director, Vodacom Business Nigeria, Solomon Ogufere; Head,...

‘Kemi Adeosun Must Renounce Allegation of NYSC Fraud or Resign’

Kemi Adesoun in NYSC uniform: Real or Photoshop? BudgIT Nigeria,...

Ecobank Nigeria Academy Earns CIBN Award

The Chartered Institute of Bankers of Nigeria (CIBN) has...

AMCON, Customs, FMOF on Buhari’s 1st Term Record

R-L: Dr. Eberechukwu Uneze, Executive Director, Asset Management Corporation...

Top 5 Business Risks for West Africa in 2018

As Nigeria exits the recession of 2017, investor sentiment...

Ecobank Mobile App Handles $1bn Transactions in 18 Months

The groundbreaking Ecobank Mobile App, a single, unified financial...

CIIN: 7 Fellows, 245 Associates Inducted, 10 Graduands from Cameroon, Rwanda, The Gambia

Mrs. Joyce Odiachi, Head, Technical Division, Fin Insurance Limited...

Ecobank takes ‘Financial Planning Education’ to Schools

  A cross section of students and officials of Ecobank...
spot_img

Related Articles

Popular Categories

spot_imgspot_img