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BANKING & FINANCE

“Nigerian Commercial Banks Most Regulated in the World” – CBN

The Deputy Governor of the Central Bank of Nigeria, CBN, Sarah Alade, has said commercial banks in Nigeria are one of the most regulated in the world.

She made the assertion at the second Adegboyega Awomolo and Associates Colloquium in Abuja where she dismissed the insinuations that the action of JPMorgan would lead to collapse of the Nigerian banks.

Alade said the various economic policies already put in place by the apex bank to supervise and monitor banks in the country would prevent the financial institutions from collapse.

She also expressed optimism that the era of failure in the industry was long gone.

 

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