The Central Bank of Nigeria (CBN) governor, Godwin Emefiele in a recent review of Nigerian banks’ bond portfolios said that
there is no direct investment by Nigerian banks in Silicon Valley Bank (SBV) that could result in a loss of investment, the Central Bank of Nigeria has said
Some of the guidelines and considerations used by the CBN include banks’ non-performing loans (NPL), which averaged 4.2%, and the capital adequacy ratio of 13.7%. According to Emefiele, these ratios, as well as the banks’ average liquidity and loan-to-deposit ratios of 43% and 52% respectively, indicate that Nigerian banks are “very safe.”
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Also, in his remarks published by Nairametrics, Emefiele implied that the central bank has and will always prioritize bank customers.
“We will rather dispose of shareholders than make depositors lose money,” Emefiele said.
To support this claim, Emefiele is quoted in the report stating no Nigerian depositor has lost money to a failed bank since 2003
According to the governor, Nigeria is one of the few countries in the world with a cash reserve deposit requirement.
“This has been there even before I started banking that when you deposit your money in a bank, a certain percentage of that deposit is serialised by the Central Bank of Nigeria to ensure that when there is a kind of liquidity crisis, that money is available to that bank for them to use to solve that liquidity problem so that depositors do not lose their money.
“We also have liquidity ratio… (a) specified liquid asset against total deposit of banks either held in cash in bank vault… or treasury bills, OMO bills and different other liquid instruments and in Nigeria our ratio is minimum of 30 per cent, banks keep above that,” he said
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Tony Chimdiuto 
Tony Chimdiuto