Connect with us

Business

Central Bank of Nigeria Reassures Depositors Regarding Safety of Funds

Published

on

Today in a recent tweet on Twitter now X, the Central Bank of Nigeria (CBN) has emphatically reassured depositors about the security and safety of their funds within the banking system. The apex bank aims to instill confidence and address concerns among the public regarding the stability of financial institutions.

The CBN underscored its commitment to implementing robust regulatory measures and oversight to ensure the soundness of banks operating in the country. The statement highlighted the stringent regulatory framework in place, designed to fortify the financial sector and safeguard depositors’ interests.

Furthermore, the Central Bank emphasized its continuous collaboration with deposit money banks to maintain healthy financial practices. This collaborative effort involves regular assessments, stress tests, and comprehensive evaluations to identify and address any potential risks promptly.

The assurance from the Central Bank comes as part of its ongoing efforts to foster transparency, maintain financial stability, and build trust among depositors. By reinforcing the resilience of the banking system, the CBN aims to encourage continued participation in the financial sector and sustain the overall economic well-being of the nation.


For Diaspora Digital Media Updates click on Whatsapp, or Telegram. For eyewitness accounts/ reports/ articles, write to: citizenreports@diasporadigitalmedia.com. Follow us on X (Fomerly Twitter) or Facebook

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Updates

Nigerian Breweries to suspend production

Hezbollah Launches Rockets, Drones Into Israel (VIDEO)

CAF president begins two day tour of Angola, ends Saturday

Police recover more bodies of movie cast from Nigerian river

Exercise regularly for enhanced productivity -NDDC Commissioner implores Staff

Embattled former Central Bank of Nigeria Governor granted bail

Islamic Scholar In Minna Appeals To Peter Obi For A Borehole (VIDEO)

I’m still a man -Bobrisky tells court, despite previous claim of transgender surgery

Garba reappointed as Golden Eaglets Coach 11 years after U-17 World Cup triumph

Putin Sends Air Defence System, Russian Soldiers To Niger Republic

Subscribe to DDM Newsletter for Latest News