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By Elizabeth Adegbesan The Central Bank of Nigeria , CBN, will commence implementation of uniform standards on transfer pricing arrangements in the Nigerian banking industry from June 2021, following the release of guidelines for Shared Services Arrangements for banks and Other Financial Institutions (OFIs). In a circular signed by Director, Financial Policy and Regulation Department, Kevin Amigo, CBN stated: “The absence of standards on shared services and transfer pricing arrangements in the Nigerian banking industry was evidenced on the uneven management of shared services with the attendant concerns on governance, financial and tax management practices. “The Central Bank of Nigeria (CBN) in response thereto, issued an Exposure Draft on November 18, 2019 to streamline the activities of institutions engaged in shared services and transfer pricing. The Exposure Draft also sought to harvest stakeholders’ opinions on the abuses including the use of shared services arrangement

Elizabeth adegbesanKevin amigoRegulation departmentCentral bankServices arrangementsKindly share this storyShared services arrangementsFinancial policyExposure draftShare this storyஒழுங்குமுறை துறைமைய வங்கிசேவைகள் ஏற்பாடுகள்கைஂட்லீ பகிர் இது கதைநிதி பாலிஸீநேரிடுவது வரைவு