Regulatory Alerts2008-12-17 | TED-FEM-FPC-GEN-01-136-08Closure of Forex Sales to the BDCs
The Central Bank of Nigeria (CBN) has temporarily halted Forex sales to BDCs, effective from December 19th, 2008 due to the Christmas and New Year holidays. The foreign exchange market will reopen for business on Monday, January 5th, 2009, with Forex sales to BDCs resuming on Tuesday, January 6th, 2009. The Trade & Exchange Department extends warm wishes for a peaceful and joyous holiday season.
Central Bank of Nigeria Central Business District P.M.B. 0187 Garki, Abuja Tel: 09 616 37 804 May 23, 2007 Fax: 09 616 37 802
Our Ref: TED/FEM/FPC/GEN/01/135 December 17, 2008 E-mail: ted@cenbank.org TO ALL BDCs OPERATORS
CLOSURE OF FOREX SALES TO THE BDCs IN CONSIDERATION OF THE CHRISTMAS AND NEW YEAR HOLIDAYS, THE CBN WILL CLOSE SALES OF FOREX TO THE BDCs WITH EFFECT FROM FRIDAY 19TH DECEMBER, 2008.
THE FOREIGN EXCHANGE MARKET WILL RE-OPEN FOR BUSINESS ON MONDAY 5TH JANUARY, 2009 WITH FOREX SALES TO THE BDC FROM TUESDAY 6TH JANUARY, 2009. WE WISH YOU ALL THE PEACE AND JOY OF THE SEASON.
B. MUSA Ag: DIRECTOR TRADE & EXCHANGE DEPARTMENT