Federal finance and statistics / Central Bank of Nigeria

Circular to all Banks and Discount Houses on Common Accounting Year End

Keywords: 234-9-46236401 234-9-46236418 June 18, 2009 BSD/DIR/GEN/CIR/VOL.2/004 CIRCULAR TO ALL BANKS AND DISCOUNT HOUSES ON COMMON ACCOUNTING YEAR END In order to further enhance the level playing field in the banking sector post-consolidation, it has become necessary to adopt a uniform accounting year-end in the industry. As agreed at the Bankers’ Committee meeting of March 21, 2009; December 31 has been adopted as a common accounting year end for all banks and discount houses effective from 2009. Consequently, the Boards and Management of all banks and discount houses are hereby advised, to…