1 entry
CBN Tightens Insider-Lending Rules, Forcing Bank Owners and Directors Out
The Central Bank of Nigeria has tightened restrictions on credit extended by banks to their own shareholders and directors, with enforcement already forcing some individuals to exit the banking system. The measures are raising the governance bar across Nigeria's banking sector with potential ripple effects for fintech-linked financial institutions.
2 sources
- Nigeria : la Banque centrale durcit les règles sur les prêts aux actionnaires et dirigeants des banques · financialafrik.com · T2
- CBN insider credit crackdown forces some bank owners, directors out of banking system · nairametrics.com · T2