CBN moves to avert fresh banking crisis with tougher rules

•Clamps down on insider abuse, regulatory breaches

The Central Bank of Nigeria (CBN) has stepped up enforcement of banking regulations, with banks now required to hold capital that reflects the level of risks they take.
This comes as the regulator tightened its scrutiny of insider lending, corporate governance and large exposures.
Director, Banking Supervision, CBN, Dr Olubukola Akinwunmi, disclosed this at the 37th edition of the Finance Correspondents Association of Nigeria (FICAN) Conference held recently in Abuja.
According to him, the new risk-based capital requirement framework issued by the CBN in March 2026, was designed to ensure that banks remain resilient after the r...