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.
CENTRAL BANK OF NIGERIA Corporate Head Office Central Business District P.M.B. 0187, Garki, Abuja, FCT TRADE & EXCHANGE DEPARTMENT Tel: Fax: ..................... 09:46237802 E-mail address:ted@cenbank.org TED/FEM/FPC/GEN/01/014 August 15, 2011 ALL AUTHORISED DEALERS TO:
Returns On Utilisation Of Foreign Exchange
All Authorised Dealers are required to urgently submit relevant documentation evidencing the utilisation of foreign exchange for the importation of the following items: 1.
Petroleum Products; Cement; Rice; and Wheat.
In the case of petroleum products, documentation is required for only transactions valued USD1.0million and above.
The returns which should cover the period May to July, 2011 should reach the Director, Trade and Exchange Department, Abuja before the close of business on Friday, August 19, 2011.
Please ensure compliance accordingly. O. L. AHUCHOGU (Mrs) for: DIRECTOR TRADE AND EXCHANGE DEPARTMENT