Banking is regulated by Banks and other Financial Institutions Act. The Act was made in 1991 when Nigeria had military rule and was then referred to as Banks and other Financial Institutions Decree.
All Banks in Nigeria are licensed and regulated by the Central Bank of Nigeria.
Labour and management of Workers
Matters concerning the employment of workers are governed by the Labour Act 1990 The Nigerian Labour Congress (NLC) represents blue-collar and clerical employees (the junior workers) and there are various Senior Staff Associations that representmiddle-management (white-collar) employees (the senior workers). Management level workers do not belong to unions