• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

CBN insists that Nigerian banks are resilient, safe & sound

Abiola Odutola by Abiola Odutola
July 26, 2021
in Business News, Financial Services
Nigeria’s manufacturing sector contracts for 5th consecutive month – CBN , To test FX market, CBN pumps $50 million, CBN issues guidelines to Finance Institutions on establishment of Subsidiaries and SPVs, CBN injects $2.63 billion to defend naira in one month, CBN’s COVID-19 N50 billion targeted credit facility, CBN’s heterodox policies buoys credit growth, These industries drove business activities in September, Credit to Nigerian economy falls to N38.67 trillion as private stagnates at N30 trillion, Availability of secured credit to businesses and households increases as unsecured credit to households dips in Q3 2020 - CBN, CBN releases regulatory guidelines on the eNaira
Share on FacebookShare on TwitterShare on Linkedin

The Central Bank of Nigeria has asked the banking public to disregard any report alleging insolvency in the Nigerian banking sector, insisting that the Nigerian Deposit Money Banks and other financial institutions under its supervision are resilient, safe and sound.

This was disclosed by the apex bank via a statement issued by the Acting Director, Corporate Communications Department of the Bank, Osita Nwanisobi, in Abuja ahead of the Monetary Policy Committee meeting on Monday and Tuesday.

What CBN is saying

“The Nigerian banking system had proved to be very sturdy in spite of the global challenges posed by the coronavirus pandemic, in response to certain false and unfounded stories circulating in the social media attacking the soundness and safety of some Nigerian banks.

RelatedStories

BVN, NIN

NIN/BVN Linkage: Nigerians lash out over CBN’s directive

March 1, 2024
CBN releases list of accredited cheque printers for banks in Nigeria

CBN to sell N1.64 trillion in Treasury bills between March and May 

February 28, 2024

“Routine bank examination and stress test for financial institutions operating in the country indicated that no Deposit Money Bank licensed by the CBN was currently under any form of financial distress,” he said, adding that the banks had adequate capital to absorb unexpected losses that might arise.

In line with the bank’s resolve to ensure adherence to prudential standards, Nwanisobi stated that the CBN continued to monitor the activities of banks in order to ensure that no individual or institution breached the laid down guidelines.

READ: U.S Central Bank leader says no rush into crypto dollar

He urged members of the banking public to take advantage of the services provided by banks, particularly intervention programmes initiated by the CBN, to enhance their economic status and contribute to overall national development.

Tags: Central Bank of Nigeria CBNNigerian Deposit Money Banks
Abiola Odutola

Abiola Odutola

For further inquiries about this article, contact: Email: abiola.odutola@nairametrics.com Twitter: @AbiolaOdutola @nairametrics

Related Posts

BVN, NIN
Street Wise

NIN/BVN Linkage: Nigerians lash out over CBN’s directive

March 1, 2024
CBN releases list of accredited cheque printers for banks in Nigeria
Markets

CBN to sell N1.64 trillion in Treasury bills between March and May 

February 28, 2024
Godwin Emefiele,CBN, DSS
Economy

CBN’s RT200 FX policy: Emefiele says forex repatriation increased by 40%

May 10, 2023
Reps move to probe why FG’s N3.4 billion solar power project failed,CEOs of MTN, Airtel, others risk arrest as Reps investigate foreign exchange frauds, Amid Coronavirus spread in Nigeria, lawmakers take delivery of exotic cars, NLC hastens House of reps to criminalise casualization of workers
Budget

House of Reps approves President Buhari’s N23.7 trillion Ways and Means loan request

May 4, 2023
eggs , Poultry Association
Agriculture

Poultry farmers urge FG to mop up 20 million unsold crates of eggs

April 21, 2023
IPMAN
Energy

IPMAN wants CBN’s gas expansion fund for cars, keke, trucks

April 10, 2023
Next Post
Getting rich: 3 stocks that are grabbing our attention

Getting rich: 3 stocks that are grabbing our attention

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • Ex-world’s richest woman Francoise Bettencourt Meyers is $18 billion richer in 2025
  • NDLEA intercepts $17.7 million in counterfeit travelers’ cheques, arrests suspects 
  • Weekly Market Wrap: Insurance, Consumer goods sectors shine as All-Share Index gains 0.83% 

Follow us on social media:

Recent News

Francoise Bettencourt Meyers

Ex-world’s richest woman Francoise Bettencourt Meyers is $18 billion richer in 2025

July 6, 2025
NDLEA: 13.6% of Lagos secondary students have tried drugs, 6.9% are active users  

NDLEA intercepts $17.7 million in counterfeit travelers’ cheques, arrests suspects 

July 6, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics