2011-06-24 | TED.FEM.FPC.GEN.01.009

RE-PURCHASE OF MONEY MARKET INSTRUMENTS AND FEDERAL GOVERNMENT BONDS

The Central Bank of Nigeria's Trade & Exchange Department announces that it has removed the restriction on foreign investors investing and trading in Federal Government Bonds (FGBs) and Nigerian Treasury Bills (NTBs) with a maturity of less than one year. Foreign investors can now participate in both primary and secondary markets, while maintaining existing requirements for Certificates of Capital Importation (CCI). The changes will take effect from July 1, 2011. Prior investments and current policies remain unaffected until their liquidation. Batari Musa, Director of Trade & Exchange Department.

Nigeria

Central Bank of Nigeria

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