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Central Bank of Nigeria

Portfolio Investment in Nigeria; Amendment of Memorandum 21 of the Foreign Exchange Manual

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Author
Central Bank of Nigeria
Reference No.
TED/FEM/FPC/GEN/01/009
Year
2016
Pages
2 pages

This circular amends Memorandum 21 of Nigeria’s Foreign Exchange Manual to permit resident and non-resident Nigerian nationals and companies that remit foreign currency through an Authorized Dealer specifically for investment to invest in money market instruments, bonds and equities. It sets documentation requirements, establishes the…

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