2008-07-17 | TED-FEM-FPC-GEN-01-076-08

Clarification on Multi-Country Listed Equities

The Central Bank of Nigeria clarifies the process for transactions involving multi-country listed equities crossing over to the Nigerian Stock Exchange. Investors must first transfer shares from their alternate jurisdiction, then submit necessary documentation to the relevant authorities in Nigeria. Once the shares are dematerialized by CSCS and a CCI is issued, investors can trade on the NSE and repatriate or re-invest according to existing regulations. Authorized Dealers are responsible for ensuring compliance with these guidelines.

Nigeria

Central Bank of Nigeria

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