2018-09-27 | BSD/DIR/GEN/LAB/11/019

Exposure Drafts of Proposed Guidance Notes on Implementation of Islamic Financial Services Board s Standards 4, 15 And 16 for Non-Interest Banks in Nigeria

The Central Bank of Nigeria (CBN) has released exposure drafts of proposed Guidance Notes on implementing IFSB standards for non-interest banks in the country. These standards, equivalent to Basel II/III for conventional banks, aim to strengthen capital adequacy and disclosure requirements for non-interest financial institutions. Comments and inputs on the drafts are requested within four weeks and should be directed to the CBN's Banking Supervision Department.

Nigeria

Central Bank of Nigeria

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