The Chartered Institute of Bankers of Nigeria (CIBN) has doused fears of any Nigerian Deposit Money Banks (DMB) collapsing due to the chaos from the Naira redesign policy.
In a statement signed by CIBN President and Chairman of Council, Ken Opara, and made available to the media on Monday, the institute said the banking industry remains stable.
Ripples Nigeria had reported that customers were attacking bank buildings due to difficulty in accessing their funds as financial institutions run out of cash.
