2009-10-16 | BSD/DIR/IGEN/CIR/01/023

Re: Publication of Interest Rates

The Central Bank of Nigeria (CBN) reminds all banks that the circular regarding the submission of annualized deposit and lending rates, along with other charges on a monthly basis, remains in effect. Failure to submit required returns will result in severe regulatory sanctions such as being barred from accessing CBN's official foreign exchange window. The Director of Banking Supervision, Samuel A. Oni, directs banks to promptly send all overdue monthly returns by email and then forward hard copies.

Nigeria

Central Bank of Nigeria

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