Regulatory Alerts2005-03-30 | TED-AD-39-2005Publication of the names of Forex End-Users (US$500,000.00 and above) for the month of December, 2004
The Central Bank of Nigeria has issued a revised procedures manual for processing applications by banks for mergers and takeovers, available on their website (www.cenbank.org/documents/bsdpublications.asp). Key sections to pay attention to include the definitions of merger and takeover in paragraphs 3.1 & 3.2, timelines for processing and approvals in paragraphs 6.1 & 6.2, documentary requirements from paragraph 7.1 - 7.4, and final approval process under paragraph 9.4.3. Any issues with downloading the manual should be directed to bankconsohelpdesk@cenbank.org or webmaster@cenbank.org.
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