{"id":173015,"date":"2025-08-08T11:57:23","date_gmt":"2025-08-08T10:57:23","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/cbn-seeks-support-to-navigate-financial-sector-risks"},"modified":"2025-08-08T13:20:20","modified_gmt":"2025-08-08T12:20:20","slug":"cbn-seeks-support-to-navigate-financial-sector-risks","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/policy\/cbn-seeks-support-to-navigate-financial-sector-risks","title":{"rendered":"CBN Seeks Support to Navigate Financial Sector Risks"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Nigeria. <\/strong><\/span>The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has emphasised the need for collaboration between the bank and the Nigeria Deposit Insurance Corporation, NDIC, to mitigate risks in the financial sector and ensure depositor confidence.<\/p>\n<p>Cardoso said the CBN counts on NDIC\u2019s support to proactively deal with potential shocks by leveraging modern tools for financial stability in the country.<\/p>\n<p>The CBN Governor made the remarks during a courtesy call by the newly appointed management of the NDIC, led by the Managing Director, Thompson Sunday, at his office in Abuja.<\/p>\n<p>Congratulating the new Managing Director and the Executive Director Operations of the Nigeria Deposit Insurance Corporation (NDIC) on their appointments, Governor Cardoso expressed optimism about deepening collaboration between the two institutions.<\/p>\n<p>\u201cOur meeting today is a clear testament to our willingness to work together. The CBN counts on NDIC\u2019s support in navigating the uncertain times that we are in.<\/p>\n<p>\u201dThis visit underscores the shared commitment of both institutions to strengthen collaboration towards safeguarding Nigeria\u2019s financial system,\u201d a statement by the NDIC Head of Communication &amp; Public Affairs, Hawwau Gambo, quoted the CBN Governor as saying.<\/p>\n<p>Earlier in his address, the NDIC MD\/CE, Mr Thompson O. Sunday, commended the CBN for its reform programmes under the leadership of Mr Cardoso, particularly the stabilisation of the forex market as well as the ongoing recapitalisation of Deposit Money Banks.<\/p>\n<p>He stated that the NDIC is committed to aligning its operations with the NDIC Act 2023, explaining that the Corporation was in the process of embarking on a strategic restructuring to better align operations with its risk minimization mandate as well as developing a new corporate strategy as the one in use was due to expire at the end of the current year.<\/p>\n<p>Mr Sunday reiterated the NDIC\u2019s willingness to collaborate with the CBN towards enhancing financial system stability, expressing appreciation for the CBN\u2019s support in premium collection from insured institutions. He also outlined the Corporation\u2019s recent milestones, including the payment of N54.62 billion to 691,418 depositors of the defunct Heritage Bank, and the declaration of a liquidation dividend of 9.2 kobo per Naira to uninsured depositors within a year of closure and the ongoing efforts to develop a target funding framework.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">Nigeria<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Nigeria. The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has emphasised the need for collaboration between the bank and the Nigeria Deposit Insurance Corporation, NDIC, to mitigate risks in the financial sector and ensure depositor confidence. Cardoso said the CBN counts on NDIC\u2019s support to proactively deal with potential [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":173014,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,14],"tags":[11494,503,254],"class_list":["post-173015","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-cardoso","tag-cbn","tag-nigeria"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>CBN Seeks Support to Navigate Financial Sector Risks - Nigeria<\/title>\n<meta name=\"description\" content=\"The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has emphasised the need for collaboration betwee ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/policy\/cbn-seeks-support-to-navigate-financial-sector-risks\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBN Seeks Support to Navigate Financial Sector Risks\" \/>\n<meta property=\"og:description\" content=\"The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has emphasised the need for collaboration betwee ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/policy\/cbn-seeks-support-to-navigate-financial-sector-risks\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2025-08-08T10:57:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-08-08T12:20:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/08\/sm_1754643122.973806.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"387\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/cbn-seeks-support-to-navigate-financial-sector-risks#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/cbn-seeks-support-to-navigate-financial-sector-risks\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"CBN Seeks Support to Navigate Financial Sector Risks\",\"datePublished\":\"2025-08-08T10:57:23+00:00\",\"dateModified\":\"2025-08-08T12:20:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/cbn-seeks-support-to-navigate-financial-sector-risks\"},\"wordCount\":395,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/cbn-seeks-support-to-navigate-financial-sector-risks#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/08\/sm_1754643122.973806.jpg\",\"keywords\":[\"Cardoso\",\"CBN\",\"Nigeria\"],\"articleSection\":[\"all news\",\"Policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/policy\/cbn-seeks-support-to-navigate-financial-sector-risks#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/cbn-seeks-support-to-navigate-financial-sector-risks\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/cbn-seeks-support-to-navigate-financial-sector-risks\",\"name\":\"CBN Seeks Support to Navigate Financial Sector Risks - Nigeria\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/cbn-seeks-support-to-navigate-financial-sector-risks#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/cbn-seeks-support-to-navigate-financial-sector-risks#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/08\/sm_1754643122.973806.jpg\",\"datePublished\":\"2025-08-08T10:57:23+00:00\",\"dateModified\":\"2025-08-08T12:20:20+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has emphasised the need for collaboration betwee ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/cbn-seeks-support-to-navigate-financial-sector-risks#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/policy\/cbn-seeks-support-to-navigate-financial-sector-risks\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/cbn-seeks-support-to-navigate-financial-sector-risks#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/08\/sm_1754643122.973806.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/08\/sm_1754643122.973806.jpg\",\"width\":720,\"height\":387,\"caption\":\"CBN Seeks Support to Navigate Financial Sector Risks\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/cbn-seeks-support-to-navigate-financial-sector-risks#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/nigeria\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"CBN Seeks Support to Navigate Financial Sector Risks\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#website\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/\",\"name\":\"Africa Press | Nigeria | Homepage\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/nigeria\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/author\/cfeditoren\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"CBN Seeks Support to Navigate Financial Sector Risks - Nigeria","description":"The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has emphasised the need for collaboration betwee ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/nigeria\/policy\/cbn-seeks-support-to-navigate-financial-sector-risks","og_locale":"en_US","og_type":"article","og_title":"CBN Seeks Support to Navigate Financial Sector Risks","og_description":"The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has emphasised the need for collaboration betwee ...","og_url":"https:\/\/www.africa-press.net\/nigeria\/policy\/cbn-seeks-support-to-navigate-financial-sector-risks","og_site_name":"Nigeria","article_published_time":"2025-08-08T10:57:23+00:00","article_modified_time":"2025-08-08T12:20:20+00:00","og_image":[{"width":720,"height":387,"url":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/08\/sm_1754643122.973806.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/nigeria\/policy\/cbn-seeks-support-to-navigate-financial-sector-risks#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/nigeria\/policy\/cbn-seeks-support-to-navigate-financial-sector-risks"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"CBN Seeks Support to Navigate Financial Sector Risks","datePublished":"2025-08-08T10:57:23+00:00","dateModified":"2025-08-08T12:20:20+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/nigeria\/policy\/cbn-seeks-support-to-navigate-financial-sector-risks"},"wordCount":395,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/nigeria\/policy\/cbn-seeks-support-to-navigate-financial-sector-risks#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/08\/sm_1754643122.973806.jpg","keywords":["Cardoso","CBN","Nigeria"],"articleSection":["all news","Policy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/nigeria\/policy\/cbn-seeks-support-to-navigate-financial-sector-risks#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/nigeria\/policy\/cbn-seeks-support-to-navigate-financial-sector-risks","url":"https:\/\/www.africa-press.net\/nigeria\/policy\/cbn-seeks-support-to-navigate-financial-sector-risks","name":"CBN Seeks Support to Navigate Financial Sector Risks - Nigeria","isPartOf":{"@id":"https:\/\/www.africa-press.net\/nigeria\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/nigeria\/policy\/cbn-seeks-support-to-navigate-financial-sector-risks#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/nigeria\/policy\/cbn-seeks-support-to-navigate-financial-sector-risks#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/08\/sm_1754643122.973806.jpg","datePublished":"2025-08-08T10:57:23+00:00","dateModified":"2025-08-08T12:20:20+00:00","author":{"@id":"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has emphasised the need for collaboration betwee ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/nigeria\/policy\/cbn-seeks-support-to-navigate-financial-sector-risks#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/nigeria\/policy\/cbn-seeks-support-to-navigate-financial-sector-risks"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/nigeria\/policy\/cbn-seeks-support-to-navigate-financial-sector-risks#primaryimage","url":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/08\/sm_1754643122.973806.jpg","contentUrl":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/08\/sm_1754643122.973806.jpg","width":720,"height":387,"caption":"CBN Seeks Support to Navigate Financial Sector Risks"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/nigeria\/policy\/cbn-seeks-support-to-navigate-financial-sector-risks#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/nigeria\/"},{"@type":"ListItem","position":2,"name":"CBN Seeks Support to Navigate Financial Sector Risks"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/nigeria\/#website","url":"https:\/\/www.africa-press.net\/nigeria\/","name":"Africa Press | Nigeria | Homepage","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/nigeria\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","url":"https:\/\/www.africa-press.net\/nigeria\/author\/cfeditoren"}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/posts\/173015","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/comments?post=173015"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/posts\/173015\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/media\/173014"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/media?parent=173015"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/categories?post=173015"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/tags?post=173015"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}