Regulatory Alerts2009-07-28 | TED-FEM-FPC-GEN-01-122-2009The Revised Guidelines For The Operational of The Foreign Exchange Market: Wholesale Dutch Auction System
The Nigerian Central Bank has announced an update to the operation of the Foreign Exchange Market's Wholesale Dutch Auction System. Effective immediately, Authorised Dealers must now submit a single bid per auction, as the Central Bank reserves the right to reject any unrealistic bids. This revision is in accordance with paragraph 3(b) of TED/FEM/FPC/GEN/01/110 from July 8, 2009.
Tags
fx