CBN to introduce Banks supervisory scheme
The central bank of Nigeria is to introduce a frame work for supervising banks, known as the solo-plus approach; it will be jointly carried out by the Apex bank and the NDIC.

In a circular issued to banks, the CBN explained that the approach would be complemented by a quantitative and qualitative assessment of the banking group.

It said the approach would assess the potential impact of other members of the bank groups including other overseas subsidiaries or affiliates.

According to the circular, the approach will be carried out in six stages including risk assessment, development of risk mitigation as well as communicating the results of the risk assessment and mitigation programmes to the banks.