• Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
    • Government
  • Security
  • Features
  • State
  • Event
    • PR Nigeria Award
  • E-Paper
Search
  • Home
  • About
  • Adverts
  • Contact
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
PRNIGERIA PRNigeria News
PRNIGERIA PRNIGERIA
  • Home
  • Anti-Corruption
    • Chinese nationals jailed in Lagos

      Court Jails Nine Chinese Nationals for Cybercrime in Lagos

      ASUU

      Tackle Corruption, Institutional Decay – ASUU Charges FG

      EFCC Arraigns Bauchi Accountant General Over N8bn Fraud as Court Sentences…

      PRNigeria logo fearured image

      EFCC Arraigns Ex-Convict, Other for Naira Abuse in Lagos

      EFCC Arrests 37 Suspected Internet Fraudsters in Ilorin

  • Fact-Check
  • Economy
    • CBN

      The Facts About Nigeria’s Debts Burden Under Tinubu’s Watch By Zekeri…

      Ibrahim Yahaya Dandakata of Arewa Economic Forum AEF

      AEF Slams CBN’s New BDC Policy, Cites Threat to Northern Economy…

      Google Search Tech Digest

      7 Smart Google Search Tips That Will Save You Hours By…

      U.S. VISA

      REVEALED: Why US Reduced Visa Validity for Nigerians to 3 Months…

      Comptroller General Nigerian Customs Bashir Adewale

      Nigeria Customs Takes Anti-Money Laundering Fight to the Skies

  • National
    • Senator Ireti Kingibe Defects from Labour Party, Joins ADC

      FG Secures 44 New Convictions in Terrorism Financing Trial

      Board Approves Promotion of 95 Senior Officers in Immigration, Civil Defence,…

      Officers of NSCDC Mining Marshals

      Alake’s Verdict on Mining Marshals By Abdullahi O Haruna Haruspice

      CBN

      The Facts About Nigeria’s Debts Burden Under Tinubu’s Watch By Zekeri…

    • Government
      • Senator Ireti Kingibe Defects from Labour Party, Joins ADC

        Police Officer

        Niger Police Confirm Arrest of 22 Illegal Miners After Violent Clash

        Governor Yusuf of Kano Wins Top Infrastructure Award at London’s 15th…

        Mohammed Idris

        Local Government Autonomy Not Negotiable — FG Declares

        NELFUND

        NELFUND Resumes Monthly Upkeep Payments, Credits Over 3,600 Students

  • Security
    • Bandit banditry

      Lakurawa kills 3 police operatives in Kebbi

      Police Officer

      Niger Police Confirm Arrest of 22 Illegal Miners After Violent Clash

      FG Secures 44 New Convictions in Terrorism Financing Trial

      Troops Nab Three Gunrunners, Recover AK-47 Rifles, Ammo in Kaduna

      Board Approves Promotion of 95 Senior Officers in Immigration, Civil Defence,…

  • Features
    • Officers of NSCDC Mining Marshals

      Alake’s Verdict on Mining Marshals By Abdullahi O Haruna Haruspice

      CBN

      The Facts About Nigeria’s Debts Burden Under Tinubu’s Watch By Zekeri…

      Soludo and Radda’s Candid Confessions on Homegrown Terror By Tahir Ahmad

      Nigerian Banks

      Nigeria’s Second Chance at a Global Cashless Future By Fatimah Yusuf…

      Customs boss, CGC Bashir Adewale Adeniyi with NAFDAC DG Professor Moji Adeyeye

      Customs, NAFDAC Activate MoU to Fight Substandard Products By Abdullah Maiwada

  • State
    • Senator Ireti Kingibe Defects from Labour Party, Joins ADC

      Bandit banditry

      Lakurawa kills 3 police operatives in Kebbi

      Police Officer

      Niger Police Confirm Arrest of 22 Illegal Miners After Violent Clash

      Governor Yusuf of Kano Wins Top Infrastructure Award at London’s 15th…

      Troops Intercept 3 Gunrunners, Seize Weapons, Cash in Kaduna

  • Event
    • Asiwaju Adegboyega Solomon Awomolo

      47 Years of Excellence: Honoring Asiwaju Awomolo, SAN

      NCoS inmates

      58 Inmates in Kano Sit for 2025 NECO Exams, Thanks to…

      Troops of the Nigerian Army giving a salute

      162nd Anniversary: Tinubu Salutes Nigerian Army, Hails Troops as Guardians of…

      President & Chairman of Governing Council, Dr. Ike Neliaku

      NIPR Lauds Nigerian PR Firms for Outstanding Performances at 2025 SABRE…

      SCN NGO signs partnership with PRNIGERIA

      SCN NGO Seals Partnership with PRNigeria to Amplify its Humanitarian Projects

    • PR Nigeria Award
  • E-Paper
Home Economy No Nigerian Bank is in Distress- CBN
  • Economy
  • National

No Nigerian Bank is in Distress- CBN

By
Isaac Okorafor
-
July 7, 2016
CBN
CBN

CBN-1The attention of the Central Bank of Nigeria (CBN) has beendrawn to malicious rumours and unfounded speculations thatsome banks in  the country may have gone or may be goinginto   distress.

The   CBN   wishes   to   reiterate   in   the   strongestterms that these rumours and speculations are untrue and donot   reflect   the   actual   health   of   the   individual   banks   and,indeed, the entire banking industry.

For the avoidance of doubt, the infusion of a new Board and Management for Skye BankPLC is a proactive regulatory action meant to ensure that thebank does not continue to fail in its relevant prudential ratios.Neither   Skye   Bank  nor  any   other  bank  in  the  industry  is   indistress.

Read Also:

  • Senator Ireti Kingibe Defects from Labour Party, Joins ADC
  • Lakurawa kills 3 police operatives in Kebbi
  • Niger Police Confirm Arrest of 22 Illegal Miners After Violent Clash

Therefore, the CBN would like to request the generalpublic to ignore speculations or rumours to the contrary as theycould only be the handiwork of mischief  makers  who do notmean well for the Nigerian banking system and its economy.

As the regulator of the industry, the CBN hereby reassures thebanking and general public that their deposits remain safe inany   Nigerian   bank.

There   is,   therefore,   no   need   for   panicwithdrawals from any bank.Going   by   both   the   CBN’s   Examination   Reports   as   well   asanalysis   from   market   watchers,   International   Credit   RatingAgencies, and Development Finance Institutions, the Nigerianbanking industry remains strong in spite of the global economicchallenges   emanating   from   the  collapse  of  global  commodityprices.

We therefore urge  the banking  public to remain calmand   go   about   their   normal   businesses   without   panic.   It   isimportant that we do not create problems when none exists.

Isaac Okorafor
Ag. Director, Corporate Communications

PRNigeria encourages institutions to be transparent in their information management as it provides news items from authoritative sources for free use by the media

VISIT OUR OTHER WEBSITES
PRNigeria.com EconomicConfidential.com PRNigeria.com/Hausa/
EmergencyDigest.com PoliticsDigest.ng TechDigest.ng
HealthDigest.ng SpokesPersonsdigest.com TeensDigest.ng
ArewaAgenda.com Hausa.ArewaAgenda.com YAShuaib.com
  • TAGS
  • Central Bank of Nigeria
  • Skye BankPLC
Previous articleLabour And Petroleum Ministers To Hold Meeting With Pengassan And Nupeng Today
Next articleLabour, Petroleum Minister to Meet PENGASSAN on Friday
Isaac Okorafor
Isaac Okorafor
https://prnigeria.com
PRNigeria is the pioneer Press Release Distribution agency in Nigeria. A member of image Merchant Promotions limited, PRNigeria encourages individuals and organisations to be more transparent in their information management. with dedicated Editorial staffs, the PRNigeria ensures that information provided on its platforms are timely, factual and authoritative Read more at: //prnigeria.com/about/
Facebook Twitter

RELATED ARTICLESMORE FROM AUTHOR

Senator Ireti Kingibe Defects from Labour Party, Joins ADC

FG Secures 44 New Convictions in Terrorism Financing Trial

Board Approves Promotion of 95 Senior Officers in Immigration, Civil Defence, Fire, Correctional Services

Officers of NSCDC Mining Marshals

Alake’s Verdict on Mining Marshals By Abdullahi O Haruna Haruspice

CBN

The Facts About Nigeria’s Debts Burden Under Tinubu’s Watch By Zekeri Idakwo Laruba

Customs boss, CGC Bashir Adewale Adeniyi with NAFDAC DG Professor Moji Adeyeye

Customs Hands Over 99.2bn Worth of Illicit Pharmaceutical Products to NAFDAC

President Muhammadu Buhari

Rat Story Was a Smokescreen to Divert Attention from Buhari’s Health – Garba Shehu Reveals

Nigerian Banks

Nigeria’s Second Chance at a Global Cashless Future By Fatimah Yusuf Usman

Air Chief Rallies New Intelligence Officers for Proactive Security Response

Customs boss, CGC Bashir Adewale Adeniyi with NAFDAC DG Professor Moji Adeyeye

Customs, NAFDAC Activate MoU to Fight Substandard Products By Abdullah Maiwada

NELFUND

NELFUND Resumes Monthly Upkeep Payments, Credits Over 3,600 Students

Seal of the Nigerian Senate

NNPCL Must Account for ‘Unreconciled’ N210tr in Financial Statements – Senate Insists

LEAVE A REPLY Cancel reply

Log in to leave a comment

Recent Posts

  • Senator Ireti Kingibe Defects from Labour Party, Joins ADC
  • Lakurawa kills 3 police operatives in Kebbi
  • Niger Police Confirm Arrest of 22 Illegal Miners After Violent Clash
  • FG Secures 44 New Convictions in Terrorism Financing Trial
  • Troops Nab Three Gunrunners, Recover AK-47 Rifles, Ammo in Kaduna
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
Senator Ireti Kingibe Defects from Labour Party, Joins ADCLakurawa kills 3 police operatives in KebbiNiger Police Confirm Arrest of 22 Illegal Miners After Violent ClashFG Secures 44 New Convictions in Terrorism Financing TrialTroops Nab Three Gunrunners, Recover AK-47 Rifles, Ammo in KadunaBoard Approves Promotion of 95 Senior Officers in Immigration, Civil Defence, Fire, Correctional ServicesAlake's Verdict on Mining Marshals By Abdullahi O Haruna HaruspiceThe Facts About Nigeria’s Debts Burden Under Tinubu’s Watch By Zekeri Idakwo LarubaGovernor Yusuf of Kano Wins Top Infrastructure Award at London’s 15th African Achievers EventLocal Government Autonomy Not Negotiable — FG DeclaresNigeria’s Future Rests on Smart Defence Management — Badaru to Military LeadersCustoms Hands Over 99.2bn Worth of Illicit Pharmaceutical Products to NAFDACTroops Intercept 3 Gunrunners, Seize Weapons, Cash in KadunaTroops Bust IPOB/ESN Logistics Network, Arrest Informants in Southeast — DHQSoludo and Radda’s Candid Confessions on Homegrown Terror By Tahir Ahmad
X whatsapp