Regulatory Alerts2008-10-10 | TED-FEM-FPC-GEN-01-108-08Reform of Discount Houses in Nigeria
The Central Bank of Nigeria has approved changes to the operations of discount houses in response to financial system developments and market deepening efforts. These revisions include expanding the ownership base for discount houses, permitting them to offer additional financial services while adhering to risk-based supervisory requirements and meeting statutory capital requirements set by regulatory bodies. Detailed operational guidelines will be issued shortly.
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monetary