The Central Bank of Nigeria (CBN) has introduced new regulations aimed at tightening control and improving transparency in the nation’s fixed income market.
According to a statement released by the apex bank, the fresh rules are set to take effect in November as part of broader efforts to reform Nigeria’s financial system. Daily Post reported.
The CBN explained that the new measures are designed to enhance regulatory oversight, improve market efficiency, and strengthen the fixed income sector’s role in supporting monetary policy transmission and economic growth.
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“This transition will enable the CBN to assume direct responsibility for managing the trading platform and handling end-to-end settlement activities under the bank’s established settlement system for financial market transactions,” the statement said.
Fixed income securities are investment instruments that provide investors with regular interest payments and the return of the principal amount when the investment reaches maturity.
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Image Credit: Punuka Attorneys & Solicitors.
