Regulatory Alerts2015-07-01 | TED/FEM/FPC/GEN/01/012Re-Inclusion Of Some Imported Goods and Services on The List of Items not Valid for Foreign Exchange In Nigerian Foreign Exchange Markets
The Central Bank of Nigeria's Trade and Exchange Department circulates a list of goods and services that are not valid for foreign exchange in the Nigerian foreign exchange markets. Authorized dealers, BDCs, and the public are notified that these items cannot be funded from interbank, export proceeds, or BDC sources. Dealers are reminded of the need to comply with CBN regulations, including those governing BDC transactions and wire transfers.
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