Further to the Guidelines for the Operation of Non-Interest Financial Institutions’ Instruments by the Central Bank of Nigeria, released in December, 2012 the Central Bank of Nigeria (or the Bank)notes the positive developments in the financial markets environment and the need to strengthen the policy arena.
Consequently, the Bank hereby releases the Framework for the Operationalisation of the Central Bank of Nigeria Non-Interest Asset Backed Securities. Thus, non-interest banks and other authorised dealers in the non-interest banking window at the CBN are required to note for guidance accordingly.