Nigeria: Draft Prudential Guidelines for Development Finance Institutions
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The Central Bank of Nigeria has published for comment draft Prudential Guidelines for Commercial, Merchant and Non-Interest Banks.
The regulator, in June 2010, issued the revised Prudential Guidelines to deposit money banks in Nigeria as part of its efforts at enhancing the quality of banks’ assets.
According to the regulator, the need for sector-specific guidelines has become apparent given developments which had specific impacts on different classes of financial institutions over the years.
Stakeholders are to submit comments by September 20, 2019.