The Central Bank of Nigeria (CBN) has emphasized that the Nigerian banking industry remains resilient, with key financial soundness indicators staying within regulatory thresholds.JAMB Result
The CBN made this statement in response to media reports suggesting that some licensed commercial banks in Nigeria had failed the Capital Adequacy Ratio (CAR) stress test for international authorization.informationguidenigeria
The CBN urged Nigerians to disregard these reports, clarifying that the banking industry’s financial soundness indicators align with regulatory standards, as indicated in its most recent Economic Report of 2023.JAMB Portal
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The central bank assured the public that it is actively engaging with various stakeholders to maintain confidence in the Nigerian financial sector.NYSC Portal
The statement aims to address any concerns or uncertainties surrounding the strength and stability of Nigerian banks and their adherence to regulatory requirements.
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