Regulatory Alerts2006-11-20 | TED-FEM-GEN-FPC-02-02Suspension from Foreign Exchange Transactions
The Central Bank of Nigeria has suspended Pan Fedan Marble and Granite Company Ltd., Integrated Reality Limited, and Fezel Nigeria Limited from foreign exchange transactions until further notice. Authorized dealers are required to provide details of these companies' foreign exchange transactions since January 2005 and submit relevant documents by November 17th, as all outstanding or future transactions without prior approval will be ineligible for remittance.
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sanctions