Banking activities in Nigeria have taken a different twist since 1892, which is asserted to be the genesis of contemporary banking. These changes have been centred around regulatory reforms of various kinds. Those innovations were geared towards having a credible banking sector that would boost investors’ confidence and promote financial stability within the economy. Suffice to say that little is left to be desired as the banking sector in Nigeria has become more volatile particularly within the last decade. The Central Bank of Nigeria (CBN), Nigeria Deposit Insurance Corporation (NDIC), Securities and Exchange Commission (SEC), and Asset Management Corporation of Nigeria (AMCON) are the main regulators’ concern in the event of distress in any bank in Nigeria.
|Journal||Financial Regulation International|
|Publication status||Published - 8 Dec 2018|