CBN commits to strengthening financial system with tighter regulations

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The Central Bank of Nigeria (CBN) has reinforced its regulatory oversight to bolster the resilience and transparency of the country’s financial system, reaffirming its commitment to strict compliance and risk management across financial institutions.

According to a statement on Sunday, the CBN reaffirmed its commitment at a Mandatory Compliance and Anti-Money Laundering Training Workshop held in Lagos on February 28, 2025.

According to the statement, Governor Olayemi Cardoso said a strong financial system was built on trust, which could only be sustained through integrity and compliance.

He reiterated the apex bank’s commitment to setting high regulatory standards to protect the country’s financial ecosystem and align it with international benchmarks.

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