
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
- Year
- 2018
- Pages
- 1 page
The Central Bank of Nigeria directs all deposit money banks participating in over-the-counter trade settlement to pledge government or Central Bank securities worth one billion naira as collateral. The pledge is mandatory, and failure to provide or replenish it results in exclusion from the market.…