2015-01-08 | BSD/DIR/GEN/LAB/08/002

Oil and Gas Industry Credit Risk Mitigation

This letter from the Director of Banking Supervision informs all banks in the Oil and Gas industry that due to the ongoing implementation of the Basel II/III capital adequacy framework, the application has been deferred until further notice. Until a new date is advised, banks must put in place adequate risk mitigation techniques for managing their Oil and Gas risk exposures, which will be reviewed during regular risk-based supervision activities.

Nigeria

Central Bank of Nigeria

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