CBN: Building sound, resilient banking sector as recapitalisation gains momentum

Nigeria’s banking system remains fundamentally stable, sound and resilient, a cornerstone of financial stability. At the same time, the Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, says it remains vigilant to emerging risks, including cyber threats, credit-concentration pressures, and operational vulnerabilities. These are being addressed through strengthened risk-based supervision and ongoing transition to Basel III, which will further bolster resilience, improve capital quality, and strengthen liquidity monitoring as banking secto