{
  "title": "Nigeria: Publication of Financial Sector Assessment Program Documentation––Detailed Assessment of Compliance of the Basel Core Priciples for Effective Banking Supervision",
  "publication": "IMF Staff Country Reports, May 28, 2013",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/nigeria-publication-of-financial-sector-assessment-program-documentationdetailed-assessment-40582",
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  "summary": "The assessment of the implementation of the Basel Core Principles (BCP) was conducted for effective banking supervision in Nigeria.",
  "publishDate": "2013-05-28",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Assessment findings",
      "content": "- The assessment reviewed the implementation of the Basel Core Principles (BCP) for effective banking supervision in Nigeria.\n- The assessment team reviewed the legal framework for banking supervision and held extensive discussions with staff of the Central Bank of Nigeria (CBN) and the Nigeria Deposit Insurance Corporation (NDIC).\n- It is assessed that Nigeria has recorded significant improvement in its level of compliance with the BCPs.\n- The improvement is attributed to the enhancement of the supervisory capacity of Nigerian banking system supervisors."
    },
    {
      "heading": "Scope and methodology",
      "content": "- Focus: Implementation of the Basel Core Principles (BCP) for effective banking supervision in Nigeria.\n- Evidence base: Legal framework review and extensive discussions with CBN and NDIC staff."
    },
    {
      "heading": "Subjects and keywords",
      "content": "- Subject areas: Bank licensing, Bank supervision, Banking, Capital adequacy requirements, Corporate governance, Credit risk, Financial regulation and supervision, Legal support in revenue administration, Market risk, Revenue administration\n- Keywords: Africa, Bank licensing, Bank supervision, BOFI Act, CBN supervisor, CR, Credit risk, Global, ISCR, Legal support in revenue administration, Market risk, merchant bank, risk exposure, risk management, risk profile, senior management, West Africa\n\nInternational Monetary Fund. African Dept. \"Nigeria: Publication of Financial Sector Assessment Program Documentation––Detailed Assessment of Compliance of the Basel Core Priciples for Effective Banking Supervision\", IMF Staff Country Reports 2013, 146 (2013), accessed 9/22/2026, https://doi.org/10.5089/9781484363287.002\n\n---\n\n Content in this bundle\n\n- Cr13146\n  - Cr13146 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/nigeria-publication-of-financial-sector-assessment-program-documentationdetailed-assessment-40582"
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    "Published: May 28, 2013",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484363287.002",
    "The assessment reviewed the implementation of the Basel Core Principles (BCP) for effective banking supervision in Nigeria.",
    "The assessment team reviewed the legal framework for banking supervision and held extensive discussions with staff of the Central Bank of Nigeria (CBN) and the Nigeria Deposit Insurance Corporation (NDIC).",
    "It is assessed that Nigeria has recorded significant improvement in its level of compliance with the BCPs.",
    "The improvement is attributed to the enhancement of the supervisory capacity of Nigerian banking system supervisors.",
    "Focus: Implementation of the Basel Core Principles (BCP) for effective banking supervision in Nigeria.",
    "Evidence base: Legal framework review and extensive discussions with CBN and NDIC staff.",
    "Subject areas: Bank licensing, Bank supervision, Banking, Capital adequacy requirements, Corporate governance, Credit risk, Financial regulation and supervision, Legal support in revenue administration, Market risk, Revenue administration",
    "Keywords: Africa, Bank licensing, Bank supervision, BOFI Act, CBN supervisor, CR, Credit risk, Global, ISCR, Legal support in revenue administration, Market risk, merchant bank, risk exposure, risk management, risk profile, senior management, West Africa",
    "**Cr13146**"
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