{
  "title": "Nigeria: Publication of Financial Sector Assessment Program Documentation––Technical Note of Banking Cross-Border Issues",
  "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-documentationtechnical-note-of-40578",
  "canonical": "https://www.imf.org/en/publications/cr/issues/2016/12/31/nigeria-publication-of-financial-sector-assessment-program-documentationtechnical-note-of-40578",
  "overlayPath": "/en/publications/cr/issues/2016/12/31/nigeria-publication-of-financial-sector-assessment-program-documentationtechnical-note-of-40578/index.md",
  "summary": "The global financial crisis provided Nigerian banks with opportunities to expand within Sub-Saharan Africa. Nigerian banks have active cross-border liquidity flows, which may complicate the operation of monetary policy.",
  "publishDate": "2013-05-28",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Key findings",
      "content": "- The global financial crisis provided Nigerian banks with opportunities to expand within Sub-Saharan Africa.\n- Nigerian banks have active cross-border liquidity flows, which may complicate the operation of monetary policy."
    },
    {
      "heading": "Analysis of cross-border banking implications",
      "content": "- Cross-border liquidity flows from Nigerian banks create challenges for monetary policy operations.\n- Expansion of Nigerian banks within Sub-Saharan Africa increases the importance of effective home-host supervisory coordination and cooperation."
    },
    {
      "heading": "Policy recommendations",
      "content": "- The Central Bank of Nigeria (CBN) should enhance further its work in improving cross-border supervision, including home-host coordination and cooperation.\n- The CBN may also consider taking initiative in establishing a regional coordination group similar to the Vienna Initiative.\n- The CBN should improve data collection and granularity on cross-border transactions and funding flows of Nigerian international banks."
    },
    {
      "heading": "Subjects and keywords",
      "content": "- Subjects: Asset and liability management; Banking; Crisis management; Cross-border banking; Education; Financial crises; Financial institutions; Financial services; Foreign banks; Liquidity\n- Keywords: bank; CBN discretion; CBN supervisor; Central Africa; country; CR; Crisis management; Cross-border banking; Europe; Foreign banks; ISCR; Liquidity; Nigeria; Nigerian bank; parent bank; Togolese bank; West Africa\n\nIMF Staff Country Report: Nigeria: Publication of Financial Sector Assessment Program Documentation––Technical Note of Banking Cross-Border Issues (May 28, 2013).\n\n---\n\n Content in this bundle\n\n- Snapshot of Cross-Border Liquidity Flows in January and August 2012.\n  - Snapshot of Cross-Border Liquidity Flows in January and August 2012. (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Snapshot of Cross-Border Liquidity Flows in January and August 2012. (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-documentationtechnical-note-of-40578"
    }
  ],
  "bullets": [
    "[Markdown version](/en/publications/cr/issues/2016/12/31/nigeria-publication-of-financial-sector-assessment-program-documentationtechnical-note-of-40578/index.md)",
    "[Structured JSON version](/en/publications/cr/issues/2016/12/31/nigeria-publication-of-financial-sector-assessment-program-documentationtechnical-note-of-40578/index.json)",
    "[Bundle manifest](/en/publications/cr/issues/2016/12/31/nigeria-publication-of-financial-sector-assessment-program-documentationtechnical-note-of-40578/bundle-manifest.json)",
    "Published: May 28, 2013",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484316788.002",
    "The global financial crisis provided Nigerian banks with opportunities to expand within Sub-Saharan Africa.",
    "Nigerian banks have active cross-border liquidity flows, which may complicate the operation of monetary policy.",
    "Cross-border liquidity flows from Nigerian banks create challenges for monetary policy operations.",
    "Expansion of Nigerian banks within Sub-Saharan Africa increases the importance of effective home-host supervisory coordination and cooperation.",
    "The Central Bank of Nigeria (CBN) should enhance further its work in improving cross-border supervision, including home-host coordination and cooperation.",
    "The CBN may also consider taking initiative in establishing a regional coordination group similar to the Vienna Initiative.",
    "The CBN should improve data collection and granularity on cross-border transactions and funding flows of Nigerian international banks.",
    "Subjects: Asset and liability management; Banking; Crisis management; Cross-border banking; Education; Financial crises; Financial institutions; Financial services; Foreign banks; Liquidity",
    "Keywords: bank; CBN discretion; CBN supervisor; Central Africa; country; CR; Crisis management; Cross-border banking; Europe; Foreign banks; ISCR; Liquidity; Nigeria; Nigerian bank; parent bank; Togolese bank; West Africa",
    "**Snapshot of Cross-Border Liquidity Flows in January and August 2012.**"
  ],
  "related": [
    {
      "title": "Snapshot of Cross-Border Liquidity Flows in January and August 2012.",
      "role": "document",
      "sourceUrl": "https://www.imf.org/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2013/_cr13142.pdf",
      "summary": {
        "path": "/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2013/_cr13142.pdf.md",
        "mime": "text/markdown"
      },
      "binary": {
        "path": "/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2013/_cr13142.pdf",
        "mime": "application/pdf"
      }
    }
  ],
  "alternates": {
    "markdown": "/en/publications/cr/issues/2016/12/31/nigeria-publication-of-financial-sector-assessment-program-documentationtechnical-note-of-40578/index.md",
    "json": "/en/publications/cr/issues/2016/12/31/nigeria-publication-of-financial-sector-assessment-program-documentationtechnical-note-of-40578/index.json",
    "bundleManifest": "/en/publications/cr/issues/2016/12/31/nigeria-publication-of-financial-sector-assessment-program-documentationtechnical-note-of-40578/bundle-manifest.json"
  },
  "generatedAtUtc": "2026-09-22T04:38:46.339Z"
}