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    Categories: Business

No Nigerian bank is distressed – CBN Governor, Emefiele

Amaechi Ogbonna and Juliana Taiwo Obalonye, Washington DC
Governor of the Central Bank of Nigeria ( CBN), Mr Godwin Emefiele yesterday, allayed fears on speculations of alleged insolvency in about seven banks following their failure to scale through a recent stressed conducted by industry regulators.
Emefiele who made the clarification at a briefing to round-off the 2019 annual meetings of the International Monetary Fund and the World Bank in Washington DC, said the Nigerian banking industry still stands on a sound footing.
“First, I will reiterate that the strategic health of the Nigerian banking industry remains very strong.
Ajiri Daniels: Sun News Online Team

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