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Following the completion of its banking sector recapitalisation drive, the Central Bank of Nigeria (CBN) is now implementing enhanced risk management strategies. This includes mandatory stress tests and the maintenance of adequate capital buffers to ensure the stability and resilience of financial institutions.
The Central Bank of Nigeria (CBN) has instructed all commercial banks to perform stress tests by April 1, 2026, as part of the ongoing recapitalisation efforts ahead of the March 31, 2026 deadline. This directive aims to assess the resilience of financial institutions against extreme economic conditions.
The Corporate Affairs Commission (CAC) has issued a warning to commercial banks, urging them to prevent inactive and non-compliant companies from engaging in financial transactions. This announcement comes alongside the Commission's report of submitting 263 illegally registered companies to the EFCC for investigation.
