Chartered Institute of Bankers of Nigeria

2023 - 2 - 14

Post cover — Image courtesy of "Leadership Newspaper"

No Bank Is Closing Down–CIBN (Leadership Newspaper)

Following some reports that some banks will be closed down and the rebuttal by the Central Bank of Nigeria, the Chartered Institute of Bankers of Nigeria.

This has also been debunked in a widely circulated press release by the Nigeria Security Printing and Minting (NSPM) Company, which described the story as false, baseless and misleading.” The institute while noting that the apex bank had debunked the insinuation that it plans to shut down some deposit money banks, said the soundness of the banking industry has been reaffirmed severally by the Central Bank of Nigeria (CBN), “which is the only body best suited to assess the health of the financial industry in Nigeria. Following some reports that some banks will be closed down and the rebuttal by the Central Bank of Nigeria, the Chartered Institute of Bankers of Nigeria (CIBN) joined the apex bank in denying the rumours, reassuring that the banking industry in Nigeria remains very sound and safe.

Naira scarcity: Banks will restore normalcy soon – CIBN (Daily Post Nigeria)

The Chartered Institute of Bankers of Nigeria, CIBN, says the banking industry in the country is strong, focused and committed to addressing all the.

We indeed appreciate your continued patience and understanding as we work together toward building the Nigeria of our dream.’ This has also been debunked by the Nigeria Security Printing and Minting (NSPM) Company, which described the story as false, baseless and misleading. The Chartered Institute of Bankers of Nigeria, CIBN, says the banking industry in the country is strong, focused and committed to addressing all the contending issues in the sector, especially the naira scarcity.

Nigerian banking industry remains stable, CIBN assures (Blueprint newspapers Limited)

The Chartered Institute of Bankers of Nigeria (CIBN) has doused fears of any Nigerian Deposit Money Banks (DMB) collapsing due to the chaos from the Naira ...

“In view of this, the apex bank has debunked the insinuation that it plans to shut down some deposit money banks. According to Opara, the Central Bank of Nigeria (CBN) has equally assessed the health of the financial industry in Nigeria and has attested to the banking industry’s durability. In a statement signed by CIBN President and Chairman of Council, Ken Opara, and made available to the media, the institute said the banking industry remains stable.

Nigerian Banks Are Safe, Strong – CIBN – Independent Newspaper ... (Independent Newspaper Nigeria)

LAGOS – The Chartered Institute of Bankers of Nigeria (CIBN) has once again assured Nigerians that the banking industry in Nigeria remains very sound and ...

“In view of this, the apex bank has debunked the insinuation that it plans to shut down some deposit money banks. NSPM assured that it “has made adequate arrangement to continuously produce redesigned naira notes as well as other denominations”. He said the soundness of the banking industry has been reaffirmed severally by the Central Bank of Nigeria (CIBN), which is the only body best suited to assess the health of the financial industry in Nigeria.

Bankers Institute assures Nigerians that naira scarcity challenge is ... (Nairametrics)

The CIBN has urged Nigerians to disregard contrary information about the Nigerian banking sector following the naira scarcity.

- “We implore the public to disregard any contrary information as the entire banking community remains focused, and committed. The statement further clarified that there is no shortage of materials for minting new notes. Further clarifications: Reacting to reports that the Central Bank of Nigeria (CBN) planned to shut down some deposit money banks, the CIBN stated the reports are false and misleading.

Banking industry remains strong, focused — CIBN (Vanguard)

The Chartered Institute of Bankers of Nigeria (CIBN), says the banking industry in the country is strong, focused and committed to addressing all the ...

(NAN) According to him, the soundness of the banking industry has been reaffirmed severally by the CBN, which is the only body suited to assess the health of the financial industry. The Chartered Institute of Bankers of Nigeria (CIBN), says the banking industry in the country is strong, focused and committed to addressing all the contending issues in the sector.