2015-08-25 | FPR/DIR/CIR/GEN/05/012

Circular to all Merchant Banks:-Guidelines on Operation of Group Structure by Merchant Banks in Nigeria

The Central Bank of Nigeria (CBN) has issued a circular to all merchant banks, outlining guidelines for their operations within the country. The CBN has amended regulations to allow merchant banks to own subsidiaries for capital market and asset management activities, addressing previous constraints. The circular details conditions for lending, investment, and intra-group transactions, with a focus on transparency and arm's length dealings.

Nigeria

Central Bank of Nigeria

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