The Central Bank of Nigeria (CBN) has issued a statement reassuring the public of the safety and stability of the country’s banking sector. Amid circulating unverified reports questioning the health status of Nigerian banks, the apex bank has emphasized that these concerns are unfounded and not based on any official communication from the CBN.InformationGuideNigeria
The Central Bank has advised the public to continue their usual banking activities without fear or hesitation, as the stability of the banking system in Nigeria is not in question.NYSC Portal
The CBN assures that it is fully capable and committed to performing its statutory responsibilities, which include maintaining a stable financial environment within the country.JAMB Result
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In a statement issued by the acting Director, Corporate Communications, Hakama Sidi-Ali, on Wednesday, the apex bank said, “The Central Bank of Nigeria (CBN) has noticed reports, in certain media outlets, about a recommendation for the Federal Government to take over some CBN-supervised financial institutions.
“For the avoidance of doubt, Nigerian banks remain safe and sound. The CBN encourages the public to continue their regular activities without being alarmed by reports that have not emanated from the CBN about the health status of Nigerian banks.JAMB Portal
“The CBN is fully equipped to carry out its statutory duty of upholding a stable financial system in Nigeria.
“We assure the general public and depositors about the safety of their funds in Nigerian financial institutions.
“Bank customers are therefore advised to proceed with their banking transactions as usual, as there is no cause for concern.”
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