Supervision Framework
Supervision Publications
|
Supervision Circulars &
Guidelines
The supervisory function of CBN is structured into five departments
1. Banking Supervision
Department
2. Consumer Protection Department
3. Financial Policy and Regulation
4. Other Financial
Institutions Supervision Department
5. Payments System Management Department
Financial Policy and Regulation department develops and implements policies & regulations aimed at ensuring financial system stability. It also licenses & grants approvals for banks and other financial institutions.
Banking Supervision Department carries out the supervision of
Deposit money banks
and Discount houses
while Other Financial Institutions Supervision Department supervises other financial
institutions. The other financial institutions include
Micro-finance Banks (MFBs),
Finance
Companies (FCs), Bureaux-de-change
(BDCs), Primary Mortgage Institutions
(PMIs) and Development Finance
Institutions (DFI's). The supervisory process of both departments involves
both on-site and off-site arrangements.
Read more on the supervisory framework
Read The CBN Act
Read the CBN Act (Decree No 41
of 1991)
Read the Banks & Other Financial
Institutions Act (BOFIA)
See Frequently
Asked Questions on Supervision