Why CBN must conduct regular stress tests on banks

THIS is an open letter to Godwin Emefiele, the Governor of Central Bank of Nigeria, CBN, on the health of Nigerian banks. The purpose of the piece is not the misery index, even though current levels of inflation and unemployment are at feverish level; the essence is for him to be conducting stress tests on the Nigerian banks bi-annually. This is informed by concerns on the current state of health of the banks, which is causing apprehension among Nigerian depositors over safety of their investments.

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