The Central Bank of Nigeria (CBN) has released revised regulatory requirements for the tenure of executive management and Non-executive Directors (NEDs) of deposit money banks (DMB) and financial holding companies (HoldCos). The new regulation is expected to help address brain drain in the banking sector and check migration of young bankers to Europe and Canada. The CBN official who disclosed this said that the new policy would pave the way for young bankers to aspire to get to executive levels, knowing that those occupying such positions would not stay there forever.