The Central Bank of West African States has withdrawn the temporary supervisory derogation that allowed credit institutions to continue treating securities issued by the State of Niger as performing assets notwithstanding the applicable regulatory requirements. Niger government securities therefore revert to the same accounting and prudential treatment applied to securities issued by other West African Monetary Union (UMOA) member states. The derogation, introduced in January 2024, was designed to preserve financial stability by preventing an adverse impact on banks’ financial position. The central bank considered the exceptional measure no longer justified following the normalisation of Niger’s operations in the regional financial market.
Central Bank of West African States 2025-04-03
Central Bank of West African States lifts temporary derogation on accounting and prudential treatment of Niger government securities
The Central Bank of West African States has revoked the temporary supervisory derogation allowing credit institutions to treat Niger government securities as performing assets. These securities will now receive the same accounting and prudential treatment as those from other West African Monetary Union member states. The derogation, initiated in January 2024 to maintain financial stability, is deemed unnecessary due to the normalization of Niger's financial market operations.