BusinessDay
Nigeria's leading finance and market intelligence news report.

Nigeria’s central bank to commence phased implementation of Basel III standard

… To issue 3 guidelines for Fiscal Years 2020/2021 …To begin country risk assessment for lenders embarking on cross-border expansion

The Central Bank of Nigeria (CBN) on Friday said it would commence a phased implementation of Basel III standards and revise the existing Basel II guidelines on Regulatory Capital and Supervisory Review Process in 2020/2021 fiscal years. This is to reduce the risk of a build-up of excessive leverage in the banking system and provide…



Join the BusinessDay Inner Circle to read exclusives and gain insights for N1000/month

Get real time updates directly on you device, subscribe now.

Comments are closed.