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Nigeria and global economic crises:Nigeria’s Banks will not collapse, says Soludo

 

The Governor of Nigeria’s Central Bank, Professor Charles Soludo has assured that the instrumentalities of government will be used to ensure that the Nigeria’s banking system withstand the shocks and effects of the global economic crises.

Soludo, CBN Governor

 

No Bank will be allowed to fail, said Soludo yesterday at a conference in Lagos.

 

Any Bank failure is contagious on the other banks in the banking system, and the contagious system on the Banking system will affect the economy