… Says Holdcos to maintain 51% equity stake in each subsidiary
The Central Bank of Nigeria (CBN) has proposed a major overhaul of the regulatory framework governing financial holding companies (HOLDCOs), seeking to strengthen oversight of banking groups through tougher capital, ownership and governance requirements.
In a circular issued to financial holding companies, banks, other financial institutions and the public, signed by Rita I. Sike, CBN’s director of the Financial Policy and Regulation Department the apex bank released an exposure draft of the revised Guidelines for the Licensing and Regulation of Financial Holding Companies in Nigeria and invited stakeholders to submit comments by July 9, 2026.
The CBN said the review became necessary after years of implementing the existing framework introduced in 2014 to mitigate risks arising from non-core banking activities within banking groups.
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According to the
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