Federal finance and statistics / Central Bank of Nigeria

Reduction in the Period for Submission of the Statutory Returns to the CBN and NDIC

Keywords: The deployment of the Data Submission System (DSS) of the electronic Financial Analysis and Surveillance System (e-FASS) in all banks and discount houses, has led to the automation of data extraction for the purpose of returns rendition thus, requiring less effort by banks and discount houses to submit their statutory returns. In view of the above and the need to provide timely information to the regulatory authorities, the period for the submission of statutory returns to the CBN and NDIC has been reduced to fall due as follows: 1. Daily Returns On or before 3:00 p.m. of the followi…