Regulatory Alerts2012-05-25 | FMD/DIR/GEN/CIR/03/006Added · Updated
Appointment of deposit moneybanks and discount houses as money market dealers.
The Central Bank of Nigeria has adopted a single-bid auction system for OMO auctions, leading them to revise the operational guidelines for Money Market Dealers (MMDs). As a result, all deposit money banks and discount houses are now appointed as MMDs, effective May 28th, 2012. All institutions involved must follow these changes accordingly.
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