January 27, 2023

STATINFO.BIZ

INTERNET PROVIDER BLOG

‘Our insurance policies have strengthened Nigeria’s monetary system’


Governor of the Central Financial institution of Nigeria (CBN) Mr. Godwin Emefiele has mentioned that measures taken by the financial and financial authorities have bolstered resilience of Nigeria’s monetary system. 

Emefiele, who mentioned this Wednesday on the Worldwide Affiliation of Deposit Insurers (IADI),  Africa Regional Committee (ARC) Technical Help Workshop hosted by Nigeria Deposit Insurance coverage Company (NDIC) in Abuja, nonetheless, referred to as for “sturdy, efficient collaboration amongst main stakeholders for early detection of issues in banks, well timed intervention, contingency planning, disaster preparedness and administration.

“CBN will proceed to collaborate and assist the efforts of different safety-net gamers in dealing with disaster throughout the monetary system.”

The Apex Financial institution boss disclosed that the banking sector decision fund to be utilised solely to supply monetary help to failing banks and bridge banks, in addition to usually assist any banking decision course of. 

The top of Nigeria’s banking sector regulatory authority  reaffirmed it’s dedication to make sure strong regulatory panorama with out stifling innovation.

He harassed the necessity for strengthened regional and continental monetary methods that can profit Africa. 

Associated content material you might like

See also  How Galaxy Spine’s infrastructure powers Nigeria’s digital financial system