Regulatory Alerts2013-02-20 | FMD/FDO/GEN/CIR/01/014/13Foreign EXchange Markrt (WDAS) Auction NO 014/2013
The Central Bank of Nigeria (CENTRAL BANK OF NIGERIA) is offering USD 120 million for sale at the Foreign Exchange Auction No. 014 on Wednesday, February 20, 2013. Authorized dealers are invited to submit their bid requests through Reuters Dealing 3000 Xtra within 9:00 a.m. and 10:30 a.m. Their current accounts with the CBN must be adequately funded at the time of disbursement, or else their bids will be disqualified.
Website: www.cenbank.org CENTRAL BANK OF NIGERIA Corporate Head Office, Central Business District, P.M.B. 0187, Garki, Abuja - F.C.T.
Email: financialmarkets@cbn.gov.ng Tel: 09 462 36600, 0946236603 Our Ref: FMD/FDO/GEN/CIR/01/014/13 February 20, 2013 To All Authorized Dealers FOREIGN EXCHANGE MARKET (WDAS) AUCTION NO. 014/2013 Further to our circular ref. FMD/FED/CIR/GEN/01/082/10 of December 29, 2010, the CBN hereby intervenes with an offer of USD120.00 Million (One Hundred and Twenty Million United States Dollars) for sale at the Foreign Exchange Auction No. 014 of Wednesday, February 20, 2013.
Authorized Dealers are, hereby, invited to submit their bid requests for WDAS through Reuters Dealing 3000 Xtra to the CBN Abuja at the address stipulated in the circular under reference between 9.00 a.m. and 10.30 a.m.
They are also reminded that their current accounts with the CBN must be adequately funded at the time of disbursement, failing which the bids will be disqualified.
FINANCIAL MARKETS DEPARTMENT