
Central Bank of Nigeria
Removal of the Spread on Foreign Exchange Transactions
- Author
- Central Bank of Nigeria
- Year
- 2024
- Pages
- 1 page
The Central Bank of Nigeria discontinues the cap on spreads for interbank foreign exchange transactions and removes restrictions on the sale of interbank proceeds. Authorised Dealers must continue trading on a willing buyer and willing seller basis, maintain high ethical standards, provide appropriate price disclosures…