•Aims to aid timely creation of bridge bank
By Obinna Chima
The Central Bank of Nigeria (CBN) and the Nigeria Deposit Insurance Corporation (NDIC) have been empowered to establish a Banking Sector Resolution Fund to ensure the safety of depositors’ funds as well as financial system stability.
The powers to set up the resolution fund is contained in the Banks and Other Financial…
Subscribe now for weekly news headlines roundup delivered directly to your inbox.