CBN releases exposure draft for banks seeking change of operating licence

In a circular signed by the apex bank’s director of financial policy and regulation, Chibuzo Efobi, the draft guidelines are aimed at providing clarity on the requirements of change of the various licence types for banks and OFIs.

“Consequently, due to increasing requests from financial institutions to either upgrade or convert to other licence regimes, this draft guidelines aims to provide clarity to eligible financial institutions on regulatory requirements.

Blueprint : Read More