The Central Bank of Nigeria (CBN) is releasing updated risk-based supervision guidelines for banks, Leadership Newspapers reports. The move is aimed at guarding against another banking crisis in the industry, CBN governor Sanusi Lamido Sanusi said. The reforms would look to restore stability in the financial sector and to strengthen banks enough so that they contribute to lending to the real sector. Sanusi said breaches of principles and corporate governance by some bank chiefs, since sacked, had worsened the current crisis in those banks.
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