Nigeria: Financial Sector Stability Assessment

May 28, 2013

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Nigeria: Financial Sector Stability Assessment, (USA: International Monetary Fund, 2013) accessed September 27, 2024

Summary

This Financial Sector Stability Assessment on Nigeria discusses the macroeconomic performance and structure of the financial system. Although Nigerian economy experienced both domestic and external shocks in recent years, the economy continued to grow rapidly, achieving more than 7 percent growth each year since 2009. The performance of financial institutions has begun to improve, though some of the emergency anti-crisis measures continue to be in place. However, the regulatory and supervisory framework has gaps and weaknesses. In sum, the Nigerian economy has emerged from the banking crisis, and has the potential to enjoy an extended period of strong economic growth.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Banking, Commercial banks, Crime, Crisis management, Financial crises, Financial institutions, Financial services, Legal support in revenue administration, Revenue administration

Keywords: AMCON bond, Anti-money laundering and combating the financing of terrorism (AML/CFT), Bank consolidation, Bank license regime, Bank liquidation regime, Bank supervisor, Banking system, Commercial banks, CR, Credit line, Crisis management, Global, Intervened bank, ISCR, Legal support in revenue administration, Set-up bridge bank, West Africa

Publication Details

Pages:

132
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/140
Stock No:

1NGAEA2013002
ISBN:

9781484304440
ISSN:

1934-7685

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