
Central Bank of Nigeria
Introduction of the Electronic Foreign Exchange Matching System (EFEMS) in the Interbank Foreign Exchange Market
- Author
- Central Bank of Nigeria
- Year
- 2024
- Pages
- 2 pages
The Central Bank of Nigeria announces the introduction of the Electronic Foreign Exchange Matching System for foreign exchange transactions in the Nigerian interbank market by December 1, 2024, following a November test run. Authorised Dealers must conduct interbank foreign exchange transactions through the CBN-approved system,…