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Central Bank of Nigeria

Pledge of N1 Billion (One Billion Naira) Worth of Government-CBN Securities for OTC Trade Settlement

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Author
Central Bank of Nigeria
Reference No.
FMD/DIR/CIR/GEN/09/003
Year
2018
Pages
1 page

The Central Bank of Nigeria directs all deposit money banks wishing to participate in over-the-counter trade settlement to pledge government or CBN securities worth one billion naira. The pledge is mandatory, must be topped up when required, and failure to provide or maintain it will…

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