• 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 Sectors Financial Services

Nigerian banks “are sound” as CAR rise to 14.2% – CBN

Nairametrics by Nairametrics
November 28, 2023
in Financial Services, Spotlight
Nigerian Banks
Share on FacebookShare on TwitterShare on Linkedin

In a recent statement coinciding with discussions on a new round of bank recapitalization, the Central Bank of Nigeria (CBN) has asserted the soundness of the Nigerian banking sector.  

The CBN’s report comes at a pivotal time, as the banking sector faces both the prospects of recapitalization and a landscape marked by internal and external economic pressures.  

The report evaluates key financial health indicators of the banking sector, providing a data-driven perspective on its status.

RelatedStories

CBN, forex

CBN considers civil and criminal charges against FX deal violators after audit 

August 7, 2025
Nigerian public officials get N721 billion in bribes in 2023

Nigeria’s money supply drops to N117 trillion in June 2025 

August 6, 2025
  • “The Central Bank has given assurances on the soundness of the Nigerian Banking sector, even amidst the macroeconomic challenges facing the economy due to both external and internal shocks. This statement was contained in the CBN 2023 Economic Report.”

According to the apex bank, Nigerian banks recorded a capital adequacy ratio of 14.2%, higher than the 13.8% recorded in the previous quarter. 

The Capital Adequacy Ratio (CAR), is a critical measure of a bank’s ability to absorb potential losses. The apex bank also stated that in the area of asset quality which is measured by the Non-Performing Loans (NPL) ratio, there was a slight increase to 4.5%. This remains below the 5.0% prudential benchmark, indicating a controlled level of credit risk within the sector. 

In terms of Industry Liquidity Ratio (LR), the bank stated that there was a notable improvement in the LR, which rose to 73.8%, significantly higher than the preceding month’s 62.2% and well above the 30.0% regulatory requirement. This suggests a strong capacity of the banks to manage short-term liabilities. 

Economic Outlook and Recapitalization 

Nairametrics earlier reported that the Central Bank of Nigeria (CBN) announced its intention to carry out a fresh round of banking recapitalization for the Deposit Money Banks (DMBs).

  • Mr Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), announced on Friday night during the 58th Annual Bankers’ Dinner in Lagos, organized by the Chartered Institute of Bankers of Nigeria (CIBN).
  • The planned recapitalization means that DMBs will be required to raise additional capital to meet the demands of Nigeria’s economy.

Cardoso highlighted that in his report to the Policy Advisory Council on the national economy, President Bola Ahmed Tinubu set an ambitious target of reaching a $1 trillion Gross Domestic Product (GDP) by 2030.

 


Follow us for Breaking News and Market Intelligence.
Tags: CBN
Nairametrics

Nairametrics

Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

Related Posts

CBN, forex
Financial Services

CBN considers civil and criminal charges against FX deal violators after audit 

August 7, 2025
Nigerian public officials get N721 billion in bribes in 2023
Currencies

Nigeria’s money supply drops to N117 trillion in June 2025 

August 6, 2025
Forex volatility: BDC operators reveal over 90% of dollar liquidity is off the books
Economy

Foreign capital inflows into banking sector hit five-year high in 2024 

August 6, 2025
CBN, forex
Financial Services

CBN ends audit of failed FX deals, refunds banks in naira 

August 6, 2025
CBN, forex
Financial Services

CBN says insurance concerns prompt decongestion of Abuja headquarters, clarifies early exit policy 

July 30, 2025
Gold
Cryptos

Boost N2.77 trillion gold reserves and explore crypto as asset diversification strategy, experts urge CBN  

July 23, 2025
Next Post
Saudi Arabia introduces age restriction for employers hiring overseas domestic staff, new recruitment platform

Saudi Arabia introduces age restriction for employers hiring overseas domestic staff, new recruitment platform

Leave a Reply Cancel reply

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

Palmpay

first bank








DUNS

Recent News

  • FG secures over $1 billion to drive healthcare reforms in Nigeria 
  • JAMB begins UTME to Direct Entry conversion for 2025 candidates at registration centres nationwide 
  • Nigerian motorists can now show digital insurance certificates under new Insurance Act 

Follow us on social media:

Recent News

FG secures over $1 billion to drive healthcare reforms in Nigeria 

FG secures over $1 billion to drive healthcare reforms in Nigeria 

August 8, 2025
Junior public officers take CBT exams administered by JAMB

JAMB begins UTME to Direct Entry conversion for 2025 candidates at registration centres nationwide 

August 8, 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