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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
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.…

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