African Expansion: Nigerian Banks Face Tougher Regulatory Hurdles
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• Analysts call for increased compliance as regulators tighten rules
Nume Ekeghe
Analysts have urged Nigerian banks operating across Africa as well as those planning further expansion on the continent, to deepen compliance with host-country regulations as African regulators tighten rules governing foreign-owned financial institutions.
The warning comes as The Gambia recently directed commercial banks to begin phasing out non-Gambian employees.
Also, during the week, Kenya approved th
Nume Ekeghe
Analysts have urged Nigerian banks operating across Africa as well as those planning further expansion on the continent, to deepen compliance with host-country regulations as African regulators tighten rules governing foreign-owned financial institutions.
The warning comes as The Gambia recently directed commercial banks to begin phasing out non-Gambian employees.
Also, during the week, Kenya approved th
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