The court ruled that the CBN acted beyond its legal powers and, therefore, overturned that decision.
The report said that the sustained improvement reflected continued expansion across major employment-generating sectors.
She said the exercise was in line with its powers conferred under the Bank and Other Financial Institutions Act (BOFIA) 2020.
CBN said the removal followed a successful on-site evaluation of reforms implemented across the financial system.
According to him, key drivers of renewed investor confidence are the CBN’s reforms and stabilisation of the naira.
“We urge the public to disregard sensational or unverified claims and rely solely on official channels for information about the financial system,” the apex bank said.
She said that globalisation had broken the limits of financial flows.
Ms Sidi-Ali urged the clients to contact Keystone Bank’s customer support or visit branches for inquiries or concerns.
CBN reaffirms commitment to Nigeria’s financial system stability
CBN has offered $876 million to the foreign exchange markets to fulfil bids submitted by customers at an auction concluded on Wednesday.
