AN EVALUATION OF THE ROLE OF DISCOUNT HOUSES IN THE NIGERIAN FINANCIAL SYSTEM
ABSTRACT The introduction of discount houses into the Nigerian financial sector in 1993 was a well-applauded idea especially owing to the need for a well-established secondary market for the discounting/re-discounting of government securities as well as other eligible financial instruments. With over ten years of discount house operations in Nigeria, the question of evaluating their specialized role in financial intermediation becomes necessary. In line with CBN guideline for discount house ...
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