• CBN unveils guidelines for granting liquid asset status to Sukuk

    CBN unveils guidelines for granting liquid asset status to Sukuk

    In a related development, 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) yesterday unveiled the guidelines for granting liquid asset status to Sukuk Instruments issued by state governments.

    The central bank stated in the document listed on its website, that the move was to enhance the diversification of sources of funding for development at the sub-national levels.

    Consequently, members […]