**CBN Tells Banks to Test Their Resilience from April** The Central Bank of Nigeria (CBN) has given instructions to banks in the country to undertake a thorough stress test on their credit portfolios starting from April 1, 2026. This move is aimed at maintaining the stability of Nigeria's banking system, which is the backbone of the economy. The CBN's directive is a proactive measure to ensure that banks are prepared to withstand unexpected economic shocks. By conducting a stress test, banks will be able to assess their ability to withstand financial pressures and make necessary adjustments to strengthen their balance sheets. In a country where economic uncertainty is always a concern, this move by the CBN is seen as a prudent step to mitigate risks. The banking sector in Nigeria has experienced its fair share of challenges in recent years, including the effects of the COVID-19 pandemic and the current economic downturn. The stress test will require banks to simulate various economic scenarios, including high-interest rates, low economic growth, and other potential risks. This will help them identify areas of weakness and develop strategies to strengthen their credit portfolios. For banks, this exercise will help them to build resilience and improve their risk management practices. It will also enable them to develop contingency plans to respond to unexpected economic events, such as recessions or currency fluctuations. As Nigeria continues to navigate its economic challenges, the banking sector will play a critical role in driving growth and stability. The CBN's directive is a timely reminder of the importance of prudent banking practices and the need for banks to be prepared to face any challenges that may arise. In conclusion, the CBN's instruction to banks to conduct a stress test from April is a welcome move that demonstrates the regulator's commitment to maintaining the stability of the banking system. By taking proactive steps to strengthen banks' credit portfolios, the CBN is helping to ensure that the banking sector remains a key driver of economic growth and development in Nigeria.