The Central Bank of Nigeria (CBN) stated that the banking industry, now with stronger balance sheets, must implement tighter risk management, sound governance, and responsible lending in the post-recapitalisation era. CBN Deputy Governor, Corporate Services Department, Dr. Muhammad Sani Abdullahi, gave the charge at the opening of the central bank's 38th Annual Seminar for Finance Correspondents and Business Editors in Abuja. He warned against profit-driven regulatory breaches and declared that recapitalisation must drive lending to support a $1 trillion economy. The CBN will continue to deepen its risk-based supervisory approach and macroprudential surveillance.
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