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AFRICA
Banking Sector Reforms in Nigeria
by Sam N. Okagbue & Taiwo B. Aliko
On Tuesday, 6th of July 2004, the new Governor of the Central Bank of Nigeria (CBN), Professor Charles C. Soludo made pronouncements on Banking sector reforms. The first phase of the reforms is designed to ensure a diversified, strong and reliable banking sector, which will ensure the safety of depositors money, play active developmental roles in the Nigerian Economy and become competent and competitive players both in the African and global financial systems, while the second phase will involve encouraging the emergence of regional and specialized banks.
[FULL STORY]
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INTERNATIONAL LAWYERS NETWORK
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