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Central Bank of Nigeria

Transactions in Free Funds by Authorized Dealers

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Author
Central Bank of Nigeria
Reference No.
Ref: TED/FEM/FPC/GEN/01/008
Year
2016
Pages
2 pages

The Central Bank of Nigeria reiterates that authorised dealers must not sell or otherwise deal in foreign exchange, including funds described as “free funds,” without appropriate documentation and disclosure to regulatory authorities. Dealers are required to conduct only eligible transactions and comply with applicable foreign…

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