US EditionNigeria: 'Banking Sector Is Stable', CBN Shuts Down Rumour
- On May 19, 2025, Nigeria’s apex financial authority issued a statement refuting rumors about problems within a supervised financial institution, emphasizing the continued stability of the banking sector.
- The rumors followed social media reports about operational concerns at a supervised bank, but the CBN described these claims as misleading and causing unwarranted panic.
- The CBN emphasized its use of risk-based supervision, early warning systems, and stringent regulatory frameworks to monitor all licensed banks and detect emerging issues promptly.
- Hakama Sidi-Ali affirmed that the Central Bank of Nigeria emphasizes the strength and security of the country’s banking system, assuring individuals and interested parties that their funds are well protected.
- This reassurance aims to prevent panic and maintains that depositors can trust the safety of their funds amid ongoing CBN oversight and communication efforts.
25 Articles
25 Articles
Nigerian banks remain safe, sound
“The attention of the Central Bank of Nigeria (CBN) has been drawn to certain publications and social media reports containing misleading information regarding the operations of a regulated financial institution.” The post Nigerian banks remain safe, sound – CBN appeared first on Premium Times Nigeria.
'Banking sector is stable', CBN shuts down rumour - Daily Trust
The Central Bank of Nigeria has dismissed reports suggesting distress in a regulated financial institution. In a statement signed by the Acting Director of Corporate Communications, Hakama Sidi-Ali, the apex bank described the claims as misleading and capable of triggering unnecessary panic in the financial system. The bank assured Nigerians that the country’s banking sector remains “resilient, safe, and sound.” This follows what the CBN describ…
Fidelity: CBN Reassures Nigerians on Bank’s Safety - Tech
The Central Bank of Nigeria has reaffirmed the safety and resilience of the Nigerian banking sector, urging the public to disregard any unverified claims circulating online. In a statement released on Monday and signed by Hakama Sidi Ali, acting director of Corporate Communications, the apex bank noted that its attention has been drawn to misleading information being circulated on social media concerning the operations of a regulated financial i…
Nigeria’s banking sector stable, CBN reassures Nigerians
By Kadiri Abdulrahman The Central Bank of Nigeria (CBN) has reassured the public, depositors, and stakeholders that the Nigerian banking sector remains resilient, safe, and sound. The CBN said this in a statement issued by its Acting Director, Corporate Communications Department, Mrs Hakama Sidi-Ali According to Sidi-Ali, the attention of the CBN has been drawn to certain publications and social media reports containing misleading information re…
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