The CBN will continue to ensure optimal regulation of systemic liquidity and promote efficient financial markets in support of economic recovery and sustained growth
Nigeria’s Central Bank has introduced a special 90 days tenor bill with zero coupon as part of efforts to deepen the financial markets.
The special bill also avails the monetary authority with an additional management tool. In circular dated December 1, 2020, and signed by Bello Hassan, director, banking supervision, the applicable yield at issuance will be determined by the CBN.
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The instrument will be traded amongst banks, retail and institutional Investors. It will qualify as liquid assets in computation of liquid ratio for deposit money banks.
According to the circular, the instrument shall not be accepted for repurchase agreement transactions with the CBN and shall not be discounted at the CBN window.
The CBN will continue to ensure optimal regulation of systemic liquidity and promote efficient financial markets in support of economic recovery and sustained growth, Hassan stated in the circular
Hope Moses-Ashike
Hope Moses-Ashike is an Associate Editor, Banking and Finance, with more than a decade of experience reporting on Nigeria’s financial system and broader economy. She closely tracks market movements, monetary policy decisions, company disclosures, regulatory actions, economic indicators, and global developments, and interprets what they mean for businesses, investors, policymakers, and households. Her reporting helps readers understand complex issues such as inflation trends, foreign exchange market dynamics, interest rate decisions, bank performance, and investment risks.
She also covers major international events and periodically travels to Washington, D.C., to report on the World Bank/IMF Spring and Annual Meetings.
Her dedication to financial journalism has earned her multiple recognitions and invitations to high-level professional development programmes. She is an alumna of the International Visitors Leadership Programme (IVLP) in the United States and holds an Advanced Financial Journalism Certificate from the Press Association Training in London, UK. Her other notable achievements include completing the Lagos Business School CMC Programme, the Bloomberg Media Africa Initiative Programme, and a Master Class in Journalism at Rhodes University in South Africa.
