Sunday, September 28, 2025
24.9 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

AIICO Deepens Bond with Retirees, Holds Annuity Forum in Lagos, PH

Mr. Gbenga Ilori, Head, Retail Business at AIICO, in...

Sovereign Trust Insurance Holds 30th AGM

L-R: Eric Balogun, Independent Director, Emi Faloughi, Director, Kayode Adigun,...

Unity Bank Shareholders Approve Merger with Providus Bank

  EGM: From left: Mr. Usman Abdulkadir, Executive Director, Risk...

NNPCL: Ogoni Re-entry is a Beacon of Reconciliation through Collaboration

The re-entry into Ogoniland marks a historic turning point...

NLNG, NCDMB Celebrate 122 Graduates of Train 7 HCD Training Program

NLNG in collaboration with the Nigerian Content Development and...

Topics

STI, NCRIB Reaffirm Bond for Industry Growth at Courtesy Visit

L-R: Kayode Adigun Executive Director, Finance and Corporate Services,...

Sahara Foundation Unveils STEAMers Programme 2.0 to Empower African Students

Mobo Akpene, Programs Manager, Sahara Foundation; representative of STEM...

2023 ITREALMS E-Waste Dialogue: Maida Calls for Conscious Measures to Reduce eWaste

L-R: Editor-in Chief, ITREALMS Media, Sir Remmy Nweke; Editor-in-Chief,...

NSE Set to Host ‘Building African Financial Markets’ Seminar

The Nigerian Stock Exchange (NSE), in conjunction with the...

FG Highlights AKK Gas Pipeline’s Massive Impact on Economy, Industrialisation

R-L: Managing Director, NNPC Gas Infrastructure Company (NGIC), Engr....

Standard Bank Group Names Yinka Sanni as New CEO for Africa

Yinka Sanni Standard Bank Group, Africa’s largest bank by assets,...

Danbatta Tasks NODITS on Effective Actualisation of Mandates

The Executive Vice Chairman and Chief Executive Officer (EVC/CEO)...
spot_img

Related Articles

Popular Categories

spot_imgspot_img