2021-06-01 | FPR/DIR/PUB/CIR/01/004

Guidelines for Shared Services Arrangements

The Central Bank of Nigeria issues guidelines for shared services arrangements between banks and other financial institutions, aiming to standardize practices and address concerns related to governance, financial management, and taxation. The guidelines outline approved services, governance structures, transfer pricing methods, and regulatory reporting requirements. Compliance is mandatory for all CBN-licensed institutions, with penalties for non-compliance.

Nigeria

Central Bank of Nigeria

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