Regulatory Alerts2016-08-09 | FMD/DIR/GEN/CIR/07/005Access to the CBN Discount Window on Auction Days
The Central Bank of Nigeria has issued a circular to all authorized dealers, prohibiting their access to the discount window on auction days for CBN Bills, Nigerian Treasury Bills, and Federal Government of Nigeria Bonds. This measure is taken due to observed abuse in using the Standing Lending Facility. Any violation will result in denial of access to the said facility. Authorized dealers are also reminded that they are prohibited from the interbank foreign exchange market on the same day.
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monetary