Regulatory Alerts2020-12-01 | BSD/DLR/GEN/LAB/131086Added · Updated
Introduction of Central Bank of Nigeria Special Bills
The Central Bank of Nigeria introduces Special Bills to deepen financial markets and provide an additional tool for liquidity management. These bills have a 90-day tenor, a zero-coupon structure with a CBN-determined yield, and are tradable among banks and investors. They are not eligible for repurchase agreements with the CBN but qualify as liquid assets for deposit money banks' liquidity ratio calculations.
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