Regulatory Alerts2014-12-11 | BSD/DIR/GEN/LAB/OAG/07/046Added · Updated
Oil and Gas Industry Credit Risk Mitigation
The Central Bank of Nigeria issues a letter to all banks regarding oil and gas industry credit risk mitigation. Due to falling oil prices, banks are instructed to increase their capital buffers and perform stress tests to assess the impact on their financial positions. Banks are also required to submit the results of the stress tests and ensure compliance with prudential guidelines.