The Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI) has raised a significant alarm regarding an impending stability crisis across Nigeria’s banking and financial sectors.
The association attributes this threat to macroeconomic instability, regulatory challenges, and increasing operational costs, urging immediate, collaborative action from government and regulatory bodies.
ASSBIFI’s warning underscores the critical need for proactive policy interventions and enhanced oversight to prevent widespread instability and protect the financial future of the nation.