“Your money is safe in banks”, CBN assures Nigerians

CBN assures

The Central Bank of Nigeria, (CBN), has affirmed the safety of funds in Nigerian banks, emphasising the stability of the country’s banking sector. This comes in the wave of “false” news reports targeting Guaranty Trust Holding Company Plc (GTCO) business activities, financial results, and executive management. According to a statement issued by its Acting Director of Corporate Communications, Mrs. Hakama Sidi Ali, yesterday, the CBN emphasised its commitment to the stability of the country’s financial system, highlighting that regular stress tests are conducted to identify potential vulnerabilities in banks. This…

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