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Which financial sector regulator is responsible for ensuring the stability of the Nigerian banking system?
  • a)
    Central Bank of Nigeria (CBN)
  • b)
    Nigerian Deposit Insurance Corporation (NDIC)
  • c)
    Securities and Exchange Commission (SEC)
  • d)
    Nigerian Stock Exchange (NSE)
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Which financial sector regulator is responsible for ensuring the stabi...
The Central Bank of Nigeria (CBN) is responsible for ensuring the stability of the Nigerian banking system. The CBN formulates and implements monetary policies, regulates commercial banks, and maintains financial system stability.
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Which financial sector regulator is responsible for ensuring the stability of the Nigerian banking system?a)Central Bank of Nigeria (CBN)b)Nigerian Deposit Insurance Corporation (NDIC)c)Securities and Exchange Commission (SEC)d)Nigerian Stock Exchange (NSE)Correct answer is option 'A'. Can you explain this answer?
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