2008-06-09 | TED-FEM-FPC-GEN-01-056-08

Seminar on Uniform Rules for Demand Guarantee (URDG)

The Central Bank of Nigeria has organized a one-day seminar on the draft of Uniform Rules for Demand Guarantee (URDG) on June 19, 2008. This follows the International Chamber of Commerce's plan to revise the URDG based on its successful review and amendment of the Uniform Customs and Practice (UCP) for documentary credit. Authorized dealers are required to send at least two nominees along with a N25,000 payment by June 16, 2008. Attendance is mandatory for all banks.

Nigeria

Central Bank of Nigeria

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