Regulatory Alerts2023-12-29 | FMD/DIR/PUB/CIR/001/009Approved Communication Channels for Transaction with Financial Markets Department
The Central Bank of Nigeria's Financial Markets Department has issued a circular outlining the approved communication channels for transactions. The circular emphasizes the use of authorized email addresses for correspondence and prohibits the use of private emails and phone calls to FMD staff. This measure aims to enhance transparency, credibility, and operating efficiency in all transactions with the department.
Central Bank of Nigeria Financial Markets Department Central Business District, Cadastral Zone Plot 33, Abubakar Tafawa Balewa Way P.M.B. 0817, Garki, Abuja - Nigeria -mail: info@cbn.gov.ng Website www.cbn.gov.ng REF: FMD/DIR/PUB/CIR/001/009 DECEMBER 29, 2023 CIRCULAR TO ALL AUTHORISED DEALERS APPROVED COMMUNICATION CHANNELS FOR TRANSACTIONS WITH THE FINANCIAL MARKET DEPARTMENT This circular provides the approved channels of communication between the Financial Market Department (FMD) of the Central Bank of Nigeria (CBN), and financial and nonfinancial institutions.
All communication by email should henceforth only be via authorised channels of communication and any correspondence through a non-permissible channel will not be binding on the CBN, and deemed null and void.
This circular is expedient on circular number Ref: FMD/DIR/PUB/CIR/001/008 which explicitly stated that communication with the CBN shall only be processed if signed by the assigned/authorised personnel as communicated by an institution to the CBN.
This circular aims to improve the operating efficiency through the transparency and credibility of all transactions with the Financial Markets Department. Below is the list of all permissible emails for communicating with the FMD
| S/N | DESCRIPTION | EMAILS |
|---|---|---|
| l | DMO Auctions | DMOFMD@cbn.gov.ng |
| 2 | Swaps Transactions | SWAPFMD@cbn.gov.ng |
| 3 | Open Market Operation (OMO) Transactions | CBNCSOOMO@cbn.gov.ng |
| 4 | Nigerian Treasury Bills Transactions | NTBs@cbn.gov.ng |
| 5 | Nigerian Government Bonds | NGBs@cbn.gov.ng |
| 6 | Dollar Purchases (IOCs) | FXIOCFMD@cbn.gov.ng |
| General enquiries on SLF and SDF | ||
| 7 | MLMOinquires@cbn.gov.ng | |
| 8 | Request on S4 creation by DMBs | MLMO2@cbn.gov.ng |
| Repurchase/Re-allocation of unutilised FX | ||
| 9 | FMDFXReturns@cbn.gov.ng | |
| from banks/Investors &Exporters returns | ||
| Non-Interest Financial Instruments | ||
| 10 | NIFFMD@cbn.gov.ng | |
| (NIFIs)/ Request for FfLF |
| 11 | Request for general information | infoFMD@cbn.gov.ng |
|---|---|---|
| 12 | FMDQ | FMDFMDQ@cbn.gov.ng |
Lastly, all email and correspondence via private emails and telephone calls to staff of the Financial Market Department are henceforth prohibited to improve the credibility to all processes with the Financial Market Department.
All relevant institutions are hereby directed to comply with this new communication protocol.
This circular shall be updated as required.
Duke, Omolara O. (Ph.D.) Director, Financial Markets Department