2010-09-08 | BSD/DIR/MBG/2010/05

CBN Scope, Conditions & Minimum Standards for Merchant Banks Regulations No. 02, 2010

The Central Bank of Nigeria has issued regulations for merchant banks, outlining the scope, conditions, and minimum standards they must adhere to. These regulations cover licensing, permitted and prohibited activities, and financial and governance requirements. Merchant banks must maintain a minimum paid-up share capital, comply with prudential guidelines, and implement internal control and risk management frameworks.

Nigeria

Central Bank of Nigeria

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