Regulatory Alerts2016-03-18 | FPR/DIR/CIR/GEN/01/006Exposure Draft of the National Code of Corporate Governance issued by the Financial Reporting Council of Nigeria (FRCN)
The Central Bank of Nigeria is circulating a letter to banks and development banks regarding the Financial Reporting Council of Nigeria's (FRCN) draft National Code of Corporate Governance. The CBN notes that many of its critical inputs and observations, as well as those of other financial institutions, were not considered in the released drafts. They are advising banks to submit their inputs and concerns to the CBN's Financial Policy and Regulations Department by March 29, 2016, to help articulate a common position for the banking industry.
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governance