CBN warns banks against excessive risk-taking

The Central Bank of Nigeria (CBN) has warned banks against excessive risk-taking, urging boards and management to strengthen corporate governance, internal controls and risk management to safeguard the stability of the financial system.
The Deputy Governor, Corporate Services, of the CBN, Dr Muhammad Sani Abdullahi, gave the warning yesterday at the 38th Seminar for Finance Correspondents and Business Editors, organised by the Finance Correspondents Association of Nigeria (FICAN) in Abuja.
Speaking on the theme, “Towards a Robust and Resilient Financial System in the Post-Banking Sector Recapitalisation Era”, Abdullahi said stronger capital buffers must be matched by sound management ...