2009-03-26 | TED-FEM-FPC-GEN-01-043-09

Use of RDAS Funds For Investment In Securities Denominated In Foreign Currencies and Establishment of Offshore Subsidiaries/Branches

The Central Bank of Nigeria has announced that, effective immediately, Authorised Dealers and the public are prohibited from investing RDAS funds in foreign currency securities or establishing offshore subsidiaries/branches using these funds. Funds must be sourced from other sources for such transactions. Compliance is required.

Nigeria

Central Bank of Nigeria

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