Regulatory Alerts2023-06-23 | BSD/DIR/GEN/LAB/09/048Exposure Draft of the Revised Guidelines on Regulatory Capital for Non Interest Banks in Nigeria
The Central Bank of Nigeria (CBN) has released revised guidelines for non-interest banks in Nigeria to enhance their resilience and that of the Nigerian banking system. The guidelines outline the criteria for capital instruments to be eligible for regulatory purposes and set out supervisory requirements for non-interest banks regarding minimum regulatory capital, adjustments, disclosures, and additional capital buffers. The major changes include the introduction of Mudarabah Sukuk for Additional Tier Capital, debt-based instruments for Tier 2 capital, and capital buffers. All non-interest banks must maintain minimum capital and capital buffer requirements at stand-alone and consolidated levels. The CBN may require banks to calculate and report their capital adequacy ratios at any time.