Regulatory Alerts2008-02-06 | TED-FEM-FPC-GEN-01-013-08Renewal of Authorised Dealership Licence
The Central Bank of Nigeria reminds authorized dealers that their authorized dealership license expires on February 17, 2008 and must be renewed with a fee of N2.5 million. Applications should include a bank draft payable to the Central Bank of Nigeria by February 17, 2008, otherwise, defaulting banks will be barred from the Foreign Exchange Market.
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E-mail address:ted@cenbank.org Central Bank of Nigeria Central Business District P.M.B. 0187 Garki, Abuja TED/FEM/FPC/GEN/01/012/08 February 4, 2008 To: ALL AUTHORISED DEALERS RENEWAL OF AUTHORIZED DEALERSHIP LICENCE Further to the Circular Ref. No. TED/AD/26/2006 dated February 7, 2006 on the above subject, Authorized Dealers are hereby reminded that the tenor of their current authorized dealership licence expires on February 17, 2008 and are, therefore, required to renew it with effect from that date.
Consequently, Authorized Dealers are required to apply to the Director, Trade & Exchange Department, Central Bank of Nigeria, Abuja for the renewal of the licence with the payment of the sum of N2.5 million (Two million, five hundred thousand Naira) as the renewal fee.
The application should be accompanied with a bank draft for the renewal fee drawn in favour of the Central Bank of Nigeria and to be received on or before February 17, 2008 failing which defaulting banks shall be barred from the Foreign Exchange Market.
B. MUSA AG. DIRECTOR TRADE & EXCHANGE DEPARTMENT