Regulatory Alerts2025-05-26 | FMD/DIR/PUB/CIR/001/028Notification of the Deployment of the Nigerian Non-Interest Financial Institutions’ Master Repurchase Agreement (NNMRA) and Commencement of Auction of CBN non-interest asset-backed securities (CNI-ABS) and CBN Non-Interest Note (CNIN)
The Central Bank of Nigeria (CBN) has announced the deployment of the Nigerian Non-Interest Financial Institutions' Master Repurchase Agreement (NNMRA) to standardize repurchase transactions in the Non-Interest Banking sector. Additionally, the CBN will commence auctions of CBN Non-Interest Asset-Backed Securities (CNI-ABS) and CBN Non-Interest Notes (CNIN) to provide non-interest financial instruments for liquidity management. Authorized participants are required to integrate these instruments into their operations and comply with relevant guidelines, and they are restricted from accessing the Banks' discount window on CNI-ABS and CNIN auction days.
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