2007-05-11 | TED-FEM-GEN-FPC-01-49-07

Re: Participation of Free Trade Zone Companies in the Nigerian Foreign Exchange Market

This is a notification dated April 19, 2007 to all Authorized Dealers and the general public from the Trade & Exchange Department. The circular addresses the participation of Free Trade Zone (FTZ) companies in Nigeria's foreign exchange market. It clarifies that when registering Form 'M' and 'A' for EPZ/FTZ companies, Authorized Dealers must ensure these forms are marked "CB" and stamped with "EPZ/FTZ - Not Valid for FX". Additionally, all necessary documentation should be in place before processing. Dealers are requested to inform their customers and branches/correspondents operating within the zones of this clarification for compliance and proper handling of FTZ import-export transactions.

Nigeria

Central Bank of Nigeria

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