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flag Nigeria’s central bank requires major banks to plan leadership changes six months in advance.

flag The Central Bank of Nigeria (CBN) has mandated its five Domestic Systemically Important Banks (DSIBs) to secure regulatory approval for new managing directors or CEOs at least six months before the current leader’s departure and publicly announce the appointment at least three months in advance. flag The rule aims to ensure stable, orderly leadership transitions, reduce risks from sudden changes, and strengthen governance in banks critical to Nigeria’s financial system. flag The directive supports transparency and long-term planning, aligning with global standards for corporate governance.

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