Regulatory Alerts2004-06-02 | TED-AD-59-2004Revised Guidelines for Discount Houses
The Central Bank of Nigeria has issued revised guidelines for the regulation and operation of discount houses, as part of their commitment to maintaining a sound and stable financial system. All discount houses are required to abide by these guidelines immediately in the overall interest of the financial system. The Director of Banking Supervision, I.D. Abdullahi, has approved these measures.
09-61636404 09-61636418 www.cenbank.org May 7, 2004 BSD/DO/06/2004 CIRCULAR TO ALL DISCOUNT HOUSES REVISED GUIDELINES FOR DISCOUNT HOUSES In pursuant of its objective of promoting a sound and stable financial system, the Central Bank of Nigeria has approved the attached guidelines to regulate the operations of discount houses. All discount houses are therefore enjoined to conduct their affairs strictly in line with the provisions of the approved guidelines in the overall interest of the financial system.
These guidelines take immediate effect.
Please comply.
I. D. ABDULLAHI FOR: DIRECTOR OF BANKING SUPERVISION