August 9, 2016/CBN

in view of the observed abuse of access to the Central Bank of Nigeria (CBN) Standing Lending Facility by authorised dealers, it has become imperative that some measures be taken to redress the trend and re-define the mode of operation by authorised dealers at the window.

Thus, all authorized dealers are, henceforth, directed to refrain from accessing the discount window of the CBN on the settlement dole for government securities’ auctions. The securities referred to here are CBN Bills, Nigerian Treasury Bills and Federal Government of Nigeria Bonds.

All authorised dealers are hereby required to note and comply accordingly, as any violation will result in the denial of access to the CBN Standing Lending Facility.

You are reminded that authorised dealers who come to any of CBN’s windows are prohibited from the interbank foreign exchange market on the same day.