2016-07-13 | BSD/DIR/GEN/LAB/09/035

Mandatory Registration and Listing of Commercial Papers

The letter informs banks that they are only permitted to deal in commercial papers (CPs) registered on Authorized Securities Exchanges from July 11, 2016, onwards. Banks are prohibited from transacting in CPs that are not quoted or intended for quotation. The Central Bank of Nigeria (CBN) has approved the quotation rules of FMDQ OTC Securities Exchange for the quotation of CPs in the country.

Nigeria

Central Bank of Nigeria

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