Protect Banks' Financial Health, Cbn Warns Treasurers

The Central Bank of Nigeria CBN has advised financial institution treasurers to take steps to protect their companies financial well-being.

Muhammad Abdullahi, Deputy Governor, Economic Policy Directorate, announced this during the Financial Markets Association of Nigerias ninth annual Financial Markets Conference in Lagos, which was themed Global Economic and Domestic Outlook Implications for Nigerian Treasurers.

Abdullahi, who was represented by CBN Director, Financial Markets Department, Omolara Duke, stated that in light of the global economic condition, treasurers should strategically position themselves to manage the changing trend and maximise the good influence on financial markets.

So, as our exceptional treasurers, you bear the burden of relentlessly managing the ever-changing opportunities and difficulties posed by global dynamics while also safeguarding the financial health of your businesses. Treasurers and financial specialists must comprehend the interconnectedness of the global and economic systems. The capacity to strategically place Treasury actions to handle the emerging global trend will have a big impact on our home markets, he stated.

According to Abdullahi, the slowdown in global inflation is expected to continue in 2025, particularly in terms of the central banks long-term inflation targets.