The Central Bank of Madagascar regulates the country’s monetary policy, supervises the banking system, and issues the Malagasy ariary. It is tasked with maintaining financial stability, controlling inflation, and ensuring that the financial sector operates efficiently and transparently.
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The Federal Ministry of Finance in Nigeria oversees the country’s fiscal management, including revenue collection, budget formulation, and public expenditure. As a regulatory body, it supervises financial institutions, ensures adherence to fiscal policies, and manages the country’s debt portfolio.
The Financial Reporting Council (FRC) of Nigeria is the regulator for financial reporting, corporate governance, and ethical standards in financial disclosures.
The Nigeria Deposit Insurance Corporation (NDIC), established in 1988, provides deposit insurance to protect depositors in Nigerian banks. It ensures the safety of the banking sector by guaranteeing repayment in cases of bank failure, thereby maintaining public confidence.
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