2012-07-27 | BSD/DIR/GEN/LWR/05/047

Revised Guideline for Accessing CBN Lending Windows and Repo Transactions

The Central Bank of Nigeria issues a circular to all banks and discount houses, outlining revised guidelines for accessing lending windows and repo transactions. Banks are not allowed to simultaneously place funds in the inter-bank market if they obtain funds from CBN lending windows. Any institution that breaks these rules will be suspended from CBN's money market window and will forfeit profits from the transaction.

Nigeria

Central Bank of Nigeria

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