The International Monetary Fund (IMF) has highlighted the importance of reforms in Nigeria, which it said will enhance the business environment and improve security.assessment.coordination.
The Directors emphasised the importance of close monitoring of financial sector risks.
They supported the increase in the minimum capital for banks and urged the CBN to unwind the regulatory forbearance introduced during the pandemic.
Directors acknowledged the recent improvements in the AML/CFT framework and called for sustained action to exit the FATF grey list.
They supported the authorities’ efforts to foster financial inclusion and deepen the capital market.
NIGERIAN TRIBUNE
Source:
Tribune Online