CBN Releases New Update On Nigerian Banks

The Central Bank of Nigeria (CBN), has reaffirmed the resilience, safety and soundness of Nigerian Deposit Money Banks and other financial institutions under its supervision.

Acting Director of Corporate Communications Department of the Bank, OSITA NWANISOBI, said this in Abuja ahead of the Monetary Policy Committee meeting on Monday and Tuesday.

According to him, no Deposit Money Bank licensed by the CBN was currently under any form of financial distress, adding that the banks had adequate capital to absorb unexpected losses that may arise.