Regulatory Alerts2008-12-17 | TED-FEM-FPC-GEN-01-136-08Added · Updated
Closure of Forex Sales to the BDCs
The Central Bank of Nigeria (CBN) has temporarily halted Forex sales to BDCs, effective from December 19th, 2008 due to the Christmas and New Year holidays. The foreign exchange market will reopen for business on Monday, January 5th, 2009, with Forex sales to BDCs resuming on Tuesday, January 6th, 2009. The Trade & Exchange Department extends warm wishes for a peaceful and joyous holiday season.
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