CBN insists that Nigerian banks are resilient, safe & sound

Nigeria’s manufacturing sector contracts for 5th consecutive month – CBN , To test FX market, CBN pumps $50 million, CBN issues guidelines to Finance Institutions on establishment of Subsidiaries and SPVs, CBN injects $2.63 billion to defend naira in one month, CBN’s COVID-19 N50 billion targeted credit facility, CBN’s heterodox policies buoys credit growth, These industries drove business activities in September, Credit to Nigerian economy falls to N38.67 trillion as private stagnates at N30 trillion, Availability of secured credit to businesses and households increases as unsecured credit to households dips in Q3 2020 - CBNThe Central Bank of Nigeria has asked the banking public to disregard any file alleging insolvency within the Nigerian banking sector, insisting that the Nigerian Deposit Money Banks and diversified financial institutions under its supervision are resilient, kindly and sound. This change into disclosed by the apex bank by scheme of a assertion issued by the Performing Director, […]

Leave a Comment

Lost your password? Please enter your email address. You will receive mail with link to set new password.