Barbara Bako, Abuja.
The Central Bank of Nigeria (CBN) has assured that the Nigerian banking industry remains resilient.
According to a statement signed by Mrs Sidi Ali Hakama,
Ag. Director, Corporate Communications Department of the CBN, on Monday in Abuja is in response to wrong publicity.
The apex bank said it’s attention has been drawn to reports in some media outlet suggesting that some licensed commercial banks in the country had failed the CBN’s Capital Adequacy Ratio (CAR) for iternational authorisation.
The statement reads, “We wish to clarify that the Nigerian banking industry remains resilient as key financial soundness indicators were within the regulatory thresholds as captured in the CBN’s most recent Economic Report of 2023.”
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“Furthermore, the CBN is engaging with various critical stakeholders to sustain the level of
confidence in the Nigerian financial sector.”
The CBN has appeal to Nigerians to disregard the media reports listing banks as failing the Capital Adequacy Ratio (CAR) stress test for international authorisation as the report did not emanate from the bank.
