Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele on tuesday identified key-man risk in the banking sector as a huge challenge, just as he advised financial institutions to guard against it. Mr Emefiele pointed out that while appreciable momentum had been attained in corporate governance practices in the Nigerian Banking industry, the regulators… Continue reading Nigeria’s Central Bank Governor warns banks to guard against Key – man risk.
DON’T OFFER PRODUCTS WITH INSURANCE FEATURES- CBN WARNS BANKS The Central Bank of Nigeria (CBN) has advised banks in Nigeria to desist from offering products to their customers that incorporate insurance features. The CBN also warned banks not to offer free premium payments as a feature of any of their products. Nigerian banks are enjoined… Continue reading Nigeria’s Central Bank warns Banks against offering of products with Insurance features