CBN Tightens Bank Oversight To Protect Recapitalisation Gains

CBN Tightens Bank Oversight To Protect Recapitalisation Gains

The Central Bank of Nigeria has stepped up enforcement of corporate governance rules, including a 10 per cent limit on banks’ investments in foreign subsidiaries, to protect depositors and ensure the benefits of recapitalisation are not undermined by excessive risk-taking.   The Central Bank of Nigeria (CBN) has tightened its oversight of banks, warning lenders…

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CBN Mops Up N12.14trn to Tame Inflation

Foreign Investors Fund 28% of Bank Recapitalisation

The global appetite for Nigerian bank stocks is returning. The Central Bank of Nigeria (CBN) has revealed that offshore sources provided 28% of the total funds raised in the ongoing bank recapitalisation exercise. Hakama Sidi-Ali, the CBN’s Acting Director of Corporate Communications, shared these figures on Friday at the Enugu International Trade Fair. She argued…

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