Regulatory Alerts2010-01-19 | BSD/DIR/GEN/CIR/04/004Minimum Information to be Disclosed in Financial Statements for the Year Ended December 31, 2009
The Central Bank of Nigeria (CBN) issued a Circular on January 18, 2010, specifying the minimum information to be disclosed in annual financial statements by banks and discount houses. These guidelines aim to increase transparency and standardize financial reporting. All affected entities must adopt the new format immediately and ensure that their published annual financial statements contain the required information at a minimum.
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disclosure