Regulatory Alerts2022-10-07 | FMD/DIR/PUB/CIR/001/006Circular to All Authorized Dealers: Access to the Discount Window
The Central Bank of Nigeria (CBN) circulates a reminder to authorized dealers about the rules and regulations surrounding the CBN discount window, which includes various lending and repurchase facilities. Authorized dealers are instructed to refrain from accessing the discount window on specific dates, such as auction and settlement dates, depending on the type of transaction. Non-compliance will result in penalties, including bid reversals and cancellations.
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