The Central Bank of Nigeria (CBN) has reaffirmed its commitment to maintaining the stability and reliability of the Nigerian financial system. Following recent panic sparked by rumors of a tier 1 bank’s potential collapse, the CBN assured customers that all deposits in Nigerian banks are secure.<\/p>\n
Videos circulating on social media showed customers struggling to make transactions, but the CBN moved to alleviate fears. In a statement, spokesperson Hakama Ali explained that regular stress tests identify vulnerabilities, ensuring financial institutions’ resilience.<\/p>\n
The CBN emphasized its risk-based supervision approach, focusing on high-risk institutions and maintaining robust oversight. Collaborations with international regulators also ensure Nigerian banks operate safely and soundly.<\/p>\n
The apex bank remains dedicated to safeguarding depositors’ interests and adapting strategies to protect the financial system.<\/p>\n
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The Central Bank of Nigeria (CBN) has reaffirmed its commitment to maintaining the stability and reliability of the Nigerian financial system. Following recent panic sparked by rumors of a tier 1 bank’s potential collapse, the CBN assured customers that all deposits in Nigerian banks are secure. Videos circulating on social media showed customers struggling to […]<\/p>\n","protected":false},"author":16,"featured_media":51194,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[177],"tags":[246],"class_list":["post-51193","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-abuja-reports","tag-cbn"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/51193","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=51193"}],"version-history":[{"count":2,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/51193\/revisions"}],"predecessor-version":[{"id":51205,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/51193\/revisions\/51205"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/51194"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=51193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=51193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=51193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}