October 6, 2016/CBN
In view of the need to foster financial system and economic growth and development, as well as complement the efforts of government at various levels, the Central Bank of Nigeria (CBN) has approved “Guidelines for Granting Liquid Asset Status to Sukuk Instruments Issued by State Governments”, to enhance the diversification of sources of funding for development at the sub-national levels.
Consequently, members of the public and relevant stakeholders are requested to note the said Guidelines as contained below for operations in the Nigerian financial markets.
