New story from Vanguard published by Mortimer Goth November 1, 2009

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CBN to regulate banks’ regional expansion, executive compensation

The Central Bank of Nigeria (CBN) has said that it would soon introduce measures to regulate regional expansion of banks as well as remuneration and bonuses of executives officers Mr. Charles Akoroda, Deputy Director, Banking Supervision Department of the CBN said in Kaduna, “In line with the Basle Committee’s core principles, the cross border subsidiaries of our banks will also be supervised on a consolidated basis. This requires cooperation and information exchange arrangements between home and external supervisors. More: http://tinyurl.com/compensation178