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Nigeria cenbank set limits on banks' investment in govt Islamic bonds
October 7, 2016 / 9:51 AM / in a year

Nigeria cenbank set limits on banks' investment in govt Islamic bonds

LAGOS, Oct 7 (Reuters) - Nigeria’s central bank has set commercial banks’ investment in Islamic bonds issued by state governments to 10 percent of the total amount on offer and fixed a maximum tenor of 10 years for the bonds, it said in a circular. (Reporting by Oludare Mayowa; Writing by Chijioke Ohuocha; Editing by Alison Williams)

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