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