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

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

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...
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