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Central Bank of Nigeria

Circular on Memorandum 20 - 22 of the Foreign Exchange Manual

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Author
Central Bank of Nigeria
Reference No.
TED/FEM/PUB/FPC/001/025
Year
2024
Pages
1 page

This circular clarifies that Memorandum 20, section 2(vi) of the Foreign Exchange Manual applies to divestments and repatriations involving Certificate of Capital Importation transactions. It requires evidence of an electronic Certificate of Capital Importation and evidence that investments in local currency assets, including money market…

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