• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Wednesday, July 16, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

CIBN Commits To Supporting CBN Polices

by Bukola Idowu
3 years ago
in Business
CIBN
Share on WhatsAppShare on FacebookShare on XTelegram

The Chartered Institute of Bankers of Nigeira (CIBN) has reiterated its support for the various intervention and policies of the Central Bank of Nigeria (CBN), just as it said, it remains committed to upholding ethics in the Nigerian banking industry.

Advertisement

The president of Council of the CIBN, Mr Ken Opara, speaking at the 2022 Annual Bankers Dinner organised by the institute, noted that, the CBN has continued to be purposeful in curtaining economic shocks from the aftermath of the 4th wave of the COVID-19 pandemic to keep inflation tidings and other related economy indices.

According to him, the apex bank’s policies and intervention programmes have been instrumental to the recovery of the Nigerian economy addressing issues such as distortions exacerbated by declining production levels fueled by the high cost of production, insecurity, dwindling government revenues, foreign exchange volatility and the uncertainty in the global oil market.

“Through the careful management of the Monetary Policy Rate (MPR), the CBN continued to drive the recovery path of the Nigerian economy post-recession through the expansion of credit to the real sector, prudent management of foreign exchange and reserves as well as promoting sound financial environment and monetary policy. We are happy that the banking industry has continued to remain sound and resilient,” he pointed out.

Opara noted that, more recent interventions of the CBN have seen the second phase in the implementation of the Risk Based Cyber-security Framework and Guidelines for Other Financial Institutions (OFIs) to guard against cyber-security threats in financial institutions; introduction of Bank Neutral Cash Hubs (BNCH) which seeks to reduce cost and improve operational efficiency in the country’s cash management value chain and the implementation of the second phase of e-Naira Policy to deepen financial inclusion/cashless economy as well as, more recently, the redesigning of the naira note to fight counterfeiting, control currency in circulation, deepen CBNs drive to entrench cashless economy and and sustainability of the financial industry.

RELATED

JUST-IN: Inflation Rises To 28.20%

Nigeria’s Inflation Eases Again To 22.22

6 hours ago
New Dangote Deal To Save Nigeria $14.3bn Yearly

Dangote: Nigeria’s Petrol Consumption Is 33m Litres Daily, Not 50m Litres/day

14 hours ago

“These and over 37 intervention programmes of the Bank aimed at sustaining the growth and development of the Nigerian economy. I would also like to reaffirm CIBN`s support to these laudable initiatives,” he said.

The CIBN president also reiterated the institute’s commitment to upholding ethics in the banking industry saying, “being the conscience and moral compass of the banking and finance industry, CIBN is resolute and committed to the observance and maintenance of ethics and professionalism among practitioners in the industry.”


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel



Tags: CIBN
SendShareTweetShare
Previous Post

$89bn Illicit Funds Taken Out Annually Through Anonymous Companies

Next Post

Sprite Zero Partners Marvel Studios To Excite Customers

Bukola Idowu

Bukola Idowu

You May Like

JUST-IN: Inflation Rises To 28.20%
Business

Nigeria’s Inflation Eases Again To 22.22

2025/07/16
New Dangote Deal To Save Nigeria $14.3bn Yearly
Business

Dangote: Nigeria’s Petrol Consumption Is 33m Litres Daily, Not 50m Litres/day

2025/07/16
Stanbic IBTC Bank Strengthens Regulatory Customer Relations With Strategic Trade Forum
Business

Stanbic IBTC Signs CNY800m Loan Partnership With China Development Bank

2025/07/16
Business

Nigeria Pushes For 2.4mbpd OPEC Quota Amid Rising Oil Output

2025/07/16
Helicopter Landing Levy Introduced To Develop Infrastructure, Says Expert
Business

Helicopter Landing Levy Introduced To Develop Infrastructure, Says Expert

2025/07/16
SEC Orders Companies To Honour Unclaimed Dividend Requests
Business

SEC Probes 77 Unregistered Investment Schemes, Warns Against FF Tiffany

2025/07/16
Leadership Conference advertisement

LATEST

Inter Milan Agree Personal Terms With Ademola Lookman – Report

FEC To Hold Special Session In Honour Of Ex-President Buhari Thursday

Buhari Backed Me When Others Tried to Undermine NASS — Gbajabiamila

Obasanjo’s Son, Olujonwo Bids Ex-President Buhari Farewell

20 Suspected Gunrunners, Logistics Suppliers Arrested In Kwara

MNJTF Troops Kill Terrorist Commander, 5 Others In Chad

Customs Seizes $20,000, 110,000 CFA In Lagos

JAMB Registrar Decries Indiscriminate Honorary Degree Awards By Varsities

Israel Strikes Syria’s Military Headquarters In Damascus

PDP Will Not Miss Atiku, Says Gov Makinde

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.