The Central Bank of Nigeria’s (CBN) inflation fight as well as its foreign exchange measures may be getting most of the public’s attention, but as its recapitalisation programme gathers pace, the apex bank is also focusing on ensuring the stability of the banking industry, writes Tony Chukwunyem
Clearly, apart from the announcement made by the Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, while he was reading the communiqué of the meeting held by the Monetary Policy Committee (MPC), last month, that members of the committee voted to leave interest rates unchanged, his other pronouncement that made the headlines was his disclosure that stable Financial Soundness Indicators (FSIs) continue to show that the banking system remains resilient, and that eight banks have fully met the recapitalisation requirements, while others were
Recapitalisation requirements
The CBN Governor stated: “Members also noted the continued stability in the banking system, evidenced by the stable Financial Soundness Indicators (FSIs) which would further be supported by the on-going banking Continue..
𝗙𝗼𝗹𝗹𝗼𝘄 𝗢𝘂𝗿 𝗪𝗵𝗮𝘁𝘀𝗔𝗽𝗽 𝗖𝗵𝗮𝗻𝗻𝗲𝗹 𝗧𝗼 𝗚𝗲𝘁 𝗟𝗮𝘁𝗲𝘀𝘁 𝗡𝗲𝘄𝘀 𝗔𝘀 𝗜𝘁'𝘀 𝗗𝗿𝗼𝗽!
