The Central Bank of Nigeria (CBN) last night dismissed as fictitious an online publication (not by News Express) purporting that some deposit money banks in the country are “experiencing stress”.

A statement by CBN Director, Corporate Communications, Ibrahim Mu’azu, emphatically said: “No Nigerian bank is ‘experiencing stress’.”

He dismissed the story as not only false and baseless but a figment of the writer’s imaginations.

“The CBN hereby assures the banking public that the Nigerian banking system is sound and all banks are in compliance with both the regulatory and prudential requirements,” Mu’azu said.

He added: “The Governor, on November 24, 2015, during the Monetary Policy Committee (MPC) press briefing, also made it categorically clear that no Nigerian bank is in distress.

“The CBN therefore urges all bank customers and the general public to disregard the publication as it is false, mischievous and aimed at throwing the banking public into unnecessary panic.”

•Photo shows CBN Gov. Godwin Emefiele.