Regulatory Alerts2010-07-08 | BSD/DIR/GEN/NPG/02/126Prudential Guidelines for Deposit Money Banks
On June 8, 2010, the Director of Banking Supervision issued an updated copy of the prudential guidelines for deposit money banks in Nigeria. This final copy supersedes the previous guidelines from May 5, 2010. The new guidelines and loan loss provisioning requirements take effect on July 1, 2010. All Nigerian banks are required to strictly adhere to these guidelines.
09-462-36401 09-61636418 BSD/DIR/GEN/NPG/02/126 June 8, 2010 LETTER TO ALL BANKS Dear Sir/Madam, NEW PRUDENTIAL GUIDELINES FOR DEPOSIT MONEY BANKS NEW PRUDENTIAL GUIDELINES FOR DEPOSIT MONEY BANKS We forward herewith, the final deposit money banks in Nigeria.
the final copy of the approved prudential guidelines for copy of the approved prudential guidelines for deposit money banks in Nigeria.
The document which details new prudential guidelines and loan loss provisioning requirements takes effect from The document which details new prudential guidelines and loan loss The document which details new prudential guidelines and loan loss provisioning requirements takes effect from July 1, 2010.
Banks are required to be guided by the guidelines Banks are required to be guided by the guidelines and ensure strict adherence. and ensure strict adherence.
Please note that this document supercedes the one earlier issued dated May 5, 2010.
Please note that this document supercedes the one earlier issued dated May 5, Please note that this document supercedes the one earlier issued dated May 5, Yours faithfully, SAMUEL A. ONI DIRECTOR OF BANKING SUPERVISION BANKING SUPERVISION