CBN Urges Banks to Enhance Capital and Risk Management
The Central Bank of Nigeria (CBN) has issued a warning to banks, stating that stronger capital buffers must be complemented by tighter risk management practices, sound corporate governance, and robust cybersecurity measures. This directive comes in response to the rising risks that financial institutions face, which include geopolitical tensions, technological advancements, and climate-related challenges.
The CBN emphasizes the importance of these measures to ensure the stability and resilience of the banking sector in the face of these evolving threats.
Plus234Feed summary based on reporting from Leadership Newspaper. Read the original report below.
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