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Central Bank of Nigeria, Trade and Exchange Department

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

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Author
Central Bank of Nigeria, Trade and Exchange Department
Year
2016
Pages
2 pages

This directive amends Memorandum 21 of the Foreign Exchange Manual to permit resident and non-resident Nigerian nationals and entities that introduce foreign currency through authorized dealers to invest in money market instruments, bonds, and equities. It establishes documentation requirements, appointment of banks or brokers, electronic…

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