Abuja, July 23, 2025 – Eight bank have met the minimum requirement for the forbearance regime prescribed by the Central Bank of Nigeria (CBN)
Olayemi Cardoso, the Governor of the CBN, disclosed this in Abuja on Tuesday at a press briefing after the Monetary policy Committee
The forbearance requitements were prescribed by the CBN to safeguard the financial system stability and ensure credible and orderly exit from the regulatory forbearance regime introduced during the COVID-19 crisis,
These measures were designed to support affected banks in complying with prudential requirements while facilitating a smooth exit from temporary regulatory concessions.
Cardoso said the measures were temporary measures to align with global standards under Basel II.
He said the measures were not new nor unique to Nigeria, but were designed to help banks create buffers during transitional periods.
The apex bank governor said Guarantee Trust Bank (GTB) was one of the first set of banks to meet the requirements.
He commended the bank for successfully raising capital from the London Stock Exchange (LSE) to meet the requirements.
Cardoso also announced the retention of the Monetary Policy Rate (MPR) at 27.50%
He said the Monetary Policy Committee also retained the asymmetric corridor at +500/-100 around the MPR.
The CRR was retained at 50% for deposit money banks and 16% for merchant banks at 16%.
The liquidity ratio is still retained at 30.00%.
