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Economic and Policy Review

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Challenges of the banking consolidation in Nigeria

O Oyefeso

Abstract




This paper discusses the salient challenges that the Central Bank of
Nigeria (CBN) and the new mega banks may face as a consequence of the
banking consolidation reforms in Nigeria. Surmounting these challenges
will require CBN's commitment to implementing the Basel II directives
and instituting adequate Act of Parliament to enforce all requirements
and directives to the emergent banks. On their part, the emergent banks will
need to adopt a decentralised system and employ adequately trained staff,
particularly in risk and credit management.

NESG Economic Indicators Vol. 12 (2) 2006: pp. 25-31



AJOL African Journals Online