2018-10-26 | FPR/DIR/CIR/GEN/07/017

Code of Corporate Governance for Finance Companies in Nigeria

The Central Bank of Nigeria issues a code of corporate governance for finance companies, effective April 1, 2019. The code covers board composition, shareholder rights, risk management, and executive remuneration, with the aim of enhancing good governance practices and transparency in the financial sector. External auditors of finance companies must report annually to the CBN on compliance with the code, with semi-annual returns also required.

Nigeria

Central Bank of Nigeria

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