Central Bank of Nigeria (CBN). Foreign Exchange (FX)

41 Banned Items: Nigerian Government to Dump CBN’s Forex Policy

by Legalnaija | Dec 12, 2016 | Uncategorized

Recall that earlier in the year, the Central Bank of Nigeria (“CBN”) banned 41 items from access to the Official Foreign Exchange Market. The items include the following: 1. Rice 2. Cement 3. Margarine...

Magnus Amudi – New guidelines for the operation of the Nigerian Inter-Bank FX Market

by Legalnaija | Jul 1, 2016 | Uncategorized

1.0 Introduction In line with the objectives of enhancing efficiency and facilitating a liquid and transparent, Foreign Exchange (FX) market, the Central Bank of Nigeria (CBN) hereby releases the revised guidelines on the operations of the Nigerian Inter-Bank FX...