Regulatory Alerts2008-12-22 | BSD/DO/CIR/GEN/VOL.2/012Returns on Interest Rates on Deposits and Loans
The Central Bank of Nigeria (CBN) has issued a circular to remind all banks of their obligation to submit returns on interest rates on deposits and loans to the CBN by the 5th day after the month-end, as well as publish this information on their website. If the 5th day falls on a weekend or public holiday, the submission should be done on the preceding working day. Noncompliance with this requirement will result in appropriate penalties.
Tags
deposits
credit
monetary
disclosure
enforcement
Share