Rule · CBN · 19 Jan 2010 · BSD/DIR/GEN/CIR/04/004

Minimum Information to be Disclosed in Financial Statements for the Year Ended December 31, 2009

The Central Bank of Nigeria (CBN) issued a Circular on January 18, 2010, specifying the minimum information to be disclosed in annual financial statements by banks and discount houses. These guidelines aim to increase transparency and standardize financial reporting. All affected entities must adopt the new format immediately and ensure that their published annual financial statements contain the required information at a minimum.

NigeriaCentral Bank of Nigeria

09-462-36403 09-462-36418

www.cenbank.org January 18, 2010 BSD/DIR/GEN/CIR/04/004 CIRCULAR TO ALL BANKS AND DISCOUNT HOUSES MINIMUM INFORMATION TO BE DISCLOSED IN FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2009 To enhance transparency and ensure standardization in financial reporting by banks and discount houses, the CBN has developed guidelines on the minimum information to be disclosed by banks and discount houses in annual financial statements. The guidelines are posted on the CBN website: http://www.cenbank.org/documents/bsdpublications. Banks and discount houses are, therefore, required to adopt the new reporting format and ensure that published annual financial statements contain this information at the minimum, with immediate effect. SAMUEL A. ONI DIRECTOR OF BANKING SUPERVISION

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