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The NDIC complements the regulatory and supervisory role of the Central Bank of Nigeria (CBN), although it reports to the Federal Ministry of Finance. The NDIC advises the CBN in the liquidation of distressed banks and manages distressed banks' assets until they are fully liquidated. [5] The NDIC has a supervisory role over insured banks.
The Central Bank of Nigeria (CBN) is the central bank and apex monetary authority of Nigeria established by the CBN Act of 1958 and commenced operations on 1 July 1959. [3] The major regulatory objectives of the bank as stated in the CBN Act are to: maintain the external reserves of the country; promote monetary stability and a sound financial environment, and act as a banker of last resort ...
Banking regulation and supervision refers to a form of financial regulation which subjects banks to certain requirements, restrictions and guidelines, enforced by a financial regulatory authority generally referred to as banking supervisor, with semantic variations across jurisdictions.
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Download QR code; Print/export Download as PDF; Printable version; In other projects Wikidata item; Appearance. ... New Prudential Bank; Nip Virtual Bank;
There are some Christmas traditions in England that might confuse people from the US.. Some folks in the UK celebrate Christmas with pantomime, a campy, family-friendly theater show. Christmas ...
Polaris Bank is a large financial services provider in West Africa and Central Africa with headquarters in Nigeria.As of September 2010, the bank's total assets were valued in excess of US$3.9 billion (NGN:611.5 billion), with shareholders' equity of approximately US$630 million (NGN:98.4 billion).
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