2007-03-05 | TED-FEM-GEN-FPC-01-021A

Re: Purchase of Money Market Instruments and Federal Government Bonds

The Central Bank of Nigeria has issued a clarification on the investment in Nigerian Treasury Bills and Federal Government Bonds by foreign entities. It confirms that only those with a maturity of at least one year are permitted, and before their maturity, foreign investors can discount their investments to either local or foreign investors while still receiving interest payments and repayment of the principal upon maturity.

Nigeria

Central Bank of Nigeria

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