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            Supervision Framework

            Supervision Framework | F.S.R.C.C | Credit Risk Management | Financial Institutions
            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

            Facts : 1/1/1900
            NEEDS:National Economic Empowerment and Development Strategy was developed by the National Planning Commission, then headed by Prof Charles Soludo. It was endorsed by the Federal Executive Council of Nigeria as a poverty-alleviating strategy. The aim of the scheme was to meet the Millenium Developoment Goals of curbing the menace of poverty in Nigeria and bringing it to the barest minimum by the year 2015.
            See All: Facts | Events

            Other Related Institutions


            1. Bureau of Public Enterprises (BPE)
            2. Federal Ministry Of Finance
            3. Federal Office of Statistics (Email)
            4. National Assembly (Email)
            5. National Insurance Commission (NAICOM)
            6. National Planning Commission
            7. Federal Ministry of Commerce
            8. Federal Ministry of Foreign Affairs
            9. Ministry of Cooperation & Integration in Africa
            10. National Maritime Authority
            11. National Orientation and Public Affairs, The Presidency
            12. Nigerian Communications Commission
            13. Nigerian Corporate Affairs Commission
            14. Nigerian Deposit Insurance Corporation (NDIC)
            15. Nigerian Investment Promotion Commission
            16. Nigerian National Petroleum Corporation
            17. Nigerian Postal Services
            18. Security & Exchange Commission (SEC)
            19. The Government of Nigeria On-line
            20. The Nigerian Stock Exchange
            21. Nigerian Export - Import Bank NEXIM
            22. All Banking Institutions (including Banks, BDCs, etc) in Nigeria
            23. National Identity Management Commission
            24. National Pension Commission

            Professional Bodies

            1. Chartered Institute of Bankers of Nigeria

            International Organisations

            1. Proposed African Finance Cooperation (AFC)
            2. United Nations Economic Commission For Africa (UNECA)
            3. The Association of African Central Banks (AACB)
            4. The Economic Community of West African States (ECOWAS)
            5. African Development Bank (ADB) Group
            6. International Monetary Fund (I.M.F).
            7. Bank for International Settlement (B.I.S).
            8. Banque Centrale des Etats de l?Afrique de l?Ouest (BCEAO)
            9. The World Bank
            10. UNDP Nigeria
            11. Nigeria at the IMF
            12. West African Monetary Institute (WAMI)
            13. West African Monetary Agency (WAMA)
            14. West African Institute for Financial & Economic Management (WAIFEM)
            15. The New Economic Partnership for African Development (NEPAD)
            16. Group of Seven & Eight (G7/G8)
            17. Developing Eight Countries (D-8)
            18. Group of 77 (G-77)
            19. Group of (G-15)

            Trade & Investment With the USA

            1. Africa Growth & Opportunity Act:
              (at the U.S. Trade Representative Office)
            2. Eximbank
            3. Overseas Private Investment Corporation
            4. Trade & Development Agency
            5. U.S. Commercial Service, U.S.A.
            6. U.S. Commercial Service, Nigeria
            Related Links
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