Regulatory Alerts2011-08-15 | TED.FEM.FPC.GEN.01.014Returns on Utilisation of Foreign Exchange
The Central Bank of Nigeria's Trade & Exchange Department requires all authorized dealers to submit necessary documentation proving the utilization of foreign exchange for importation of specific goods (petroleum products, cement, rice, and wheat) between May and July 2011. In the case of petroleum products, only transactions valued at USD1 million or more require documentation. These submissions must reach the Trade and Exchange Department in Abuja before August 19, 2011.
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