New framework for supervision in Nigeria

The Central Bank of Nigeria (CBN) and the Nigeria Deposit Insurance Corporation (NDIC) intend to introduce a comprehensive framework for banking supervision and have sent a draft to banks asking for their comments.

The scheme, which will be known as Consolidated Supervision, is an overall approach to banking supervision based on an evaluation of the strength of the whole group to which a bank belongs. It will take into account all the risks that may affect the bank, regardless of whether these

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