Bloomberg

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.

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