2020-12-18 | FMD

Exposure Draft Guidelines for the Operation of Non-Interest Financial Institutions Instruments by the Central Bank of Nigeria

The Central Bank of Nigeria (CBN) has released an exposure draft of the reviewed guidelines for the operation of non-interest financial institutions' instruments. The CBN introduced guidelines for liquidity management and lender of last resort instruments to complement the existing conventional banking system. The reviewed guidelines merge the two previous guidelines into one document and include eligibility requirements, transaction procedures, and features of the non-interest-bearing instruments offered by the CBN. The CBN also outlines the governance structure for managing these instruments, including the Market Support Committee and the Non-Interest Financial Institution Product Development Committee.

Nigeria

Central Bank of Nigeria

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