It was this scenario that set the stage for the most recent set of reforms. 14. The reforms could be broadly divided into two. The first part of the reform focused on ensuring that the nine banks, which the CBN/NDIC special examination revealed were in a dire state, were rescued.
This is part of BOU’s on-going commitment to make investing in Government Securities easier and more accessible to the public. I also wish to acknowledge the role that this year’s award winner has played, especially for its participation in the primary auctions, market making capabilities, consistent pricing as well as timely market intelligence.