Volume of non-bank transactions pose threat to West Africa’s financial stability- Cardoso

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso has expressed worries over the rising volume of non-bank transactions, which he said, threatens financial stability in West Africa.

Cardoso stated this on Monday at the 10th meeting of the College of Supervisors for Non-Bank Financial Institutions of the West African Monetary Zone.

Cardoso, was represented by the apex bank’s Acting Director of the Other Financial Institutions Department, Abayomi Arogundade.

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