2007-09-17 | TED-FEM-FPC-GEN-115-07

Further Liberalisation of the Foreign Exchange Market

The Central Bank of Nigeria has issued a circular to authorized dealers, bureau de change, and the public, announcing further liberalization of the foreign exchange market. The circular includes amendments regarding documentation requirements for remittance of school fees for postgraduate studies abroad and eligibility for purchasing personal travel allowances. It also reminds dealers and operators that using fictitious documents to purchase foreign exchange is a serious offense.

Nigeria

Central Bank of Nigeria

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