US Edition"No Cause For Concern": Central Bank Denies Rumored Instability In Regulated Bank - TheNigeriaLawyer
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"No Cause For Concern": Central Bank Denies Rumored Instability In Regulated Bank - TheNigeriaLawyer
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…
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