2015-06-30 | TED/FEM/FPC/GEN/01/011

Re:Inclusion of Some Imported Goods And Services On the Items Not Valid For Forex In Market

The Central Bank of Nigeria has issued a circular to all authorized dealers and the public, clarifying that certain imported goods and services classified as "Not Valid for Forex" cannot be funded from interbank, export proceeds, or bureau de change sources. Authorized dealers are instructed to ensure that these items are funded from sources outside the Nigerian foreign exchange markets and will face sanctions if they fail to comply.

Nigeria

Central Bank of Nigeria

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