2021-09-03 | BSD/DIR/PUB/14/063

BASEL III Implementation by Deposit Money Banks in Nigeria

The Central Bank of Nigeria (CBN) announces the implementation of Basel III guidelines for banks, previously delayed due to the COVID-19 pandemic. The guidelines, accessible on the CBN website, will undergo a parallel run from November 2021 for an initial period of six months, with banks submitting monthly returns. The Basel III guidelines will run concurrently with existing Basel II guidelines during this period.

Nigeria

Central Bank of Nigeria

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