The Central Bank of Nigeria (CBN), has assured the banking public that Nigerian banks are buoyant.

The CBN said this in a statement issued by its Acting Director, Corporate Communications, Hakama Sidi Ali.

Ali’s statement was informed by reports in sections of the Nigerian media that some Deposit Money Banks had failed the apex bank’s Capital Adequacy Ratio (CAR) for international authorisation, NAN reports.

“We wish to clarify that the Nigerian banking industry remains resilient as key financial soundness indicators were within the regulatory threshold as captured in the CBN economic report of 2023.

“Furthermore, the CBN is engaging with various critical stakeholders to sustain the level of confidence in the Nigerian financial sector.

“We, therefore, appeal to Nigerians to disregard media reports listing banks as failing the CAR stress test for international authorisation as the report did not emanate from the CBN,’’ she said.

BREAKING: CBN Suspends Charges On Cash Deposits Above N500k

The Central Bank of Nigeria (CBN) has suspended processing fees on cash deposits above N500,000.

The suspension applies to all cash deposits and is effective immediately until April 30, 2024.

Previously, processing… pic.twitter.com/tTT1rAWNs9

— Intel Region (@IntelRegion) December 11, 2023

Press Release: CBN Assures That Nigerian Banks Remain Resilient pic.twitter.com/YtSah5Wbrf

— Central Bank of Nigeria (@cenbank) December 11, 2023

Beyond December 31, 2023… the old and redesigned Naira Banknotes remain valid. pic.twitter.com/YFeicXN8HJ

— Central Bank of Nigeria (@cenbank) December 7, 2023