CBN assures Nigerians of secure bank deposits, emphasizing financial stability measures.

The Central Bank of Nigeria (CBN) has assured Nigerians that their bank deposits are secure, emphasizing its commitment to financial system stability. Following recent concerns about bank licenses being revoked, the CBN highlighted measures such as regular stress tests, early warning systems, and risk-based supervision to identify and mitigate risks. Additionally, it has established agreements with foreign regulators to enhance oversight of Nigerian banks abroad.

October 08, 2024
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