The Central Bank of Nigeria Governor, Godwin Emefiele has called on risk professionals in the financial industry to broaden their scope of risk management practices in order to guard against emerging risks.

Emefiele who was represented by the Director of Risk Management Department, Dr Blaise Ijebor at the formal inauguration of the Chartered Risk Management Institute of Nigeria, in Lagos, stressed that the apex bank is committed to fostering robust risk management culture within the industry.

He noted that with rapid advancement of technology and changing dynamics in the financial sector, it had become imperative for risk professionals to expand their expertise beyond traditional areas such as credit and liquidity risk.