CENTRAL Bank of Nigeria2026-08-312026-08-3120001595-0387https://nigeriareposit.nln.gov.ng/handle/20.500.14186/2927The Banking Supervision Annual Report 1999, published by the Bank Examination and Banking Supervision Departments of the Central Bank of Nigeria (CBN), offers a comprehensive overview of policy, operational, and structural developments within the Nigerian financial services sector. The publication highlights key initiatives taken by regulatory bodies to maintain financial stability, expand inter-agency cooperation through the Financial Services Regulation Coordinating Committee (FSRCC), and transition toward a risk-focused supervisory framework. Furthermore, the report addresses major industry milestones, including the implementation of the web-enabled Credit Risk Management System (CRMS), licensing updates, and aggressive distress resolution strategies aimed at restoring public confidence.• CHAPTER ONE: Developments in the financial services industry • Cooperation among Supervisory Agencies • New Approach to Bank Rating • Enhancing the Performance of the Other Financial Institutions • Framework for Risk-focused Supervision of Banks in Nigeria • The Web-enabled CRMS • Update on Licensing of New Banks and Other Financial Institutions • Update on Distress Resolution in the Financial System • CHAPTER TWO: Issues in supervision • Developments in Information Technology (IT) and the Challenges and Prospects for Supervision • The Re-emergence of Foreign-owned Banks and the Challenges of Cross-border Supervision • Update on Year 2000 Compliance • Survival Strategies for Banks in a Competitive Environment • The Challenges of Universal Banking for Supervision • Implications of Foreign Exchange Deregulation on Supervision • Responsibilities of Supervisors in Fraud Prevention • Globalisation and the Nigerian Financial System • CHAPTER THREE: Legal framework and supervision • Recent Amendments to the Banking Laws • CHAPTER FOUR: Performance trends in the banking sector • CHAPTER FIVE: Capacity building for supervision • Improving Supervisory Processes for Enhanced Efficiency • The Supervisors' Retreat • The 1999 Bank Examiners' ConferenceenBook