Regulatory Alerts2008-05-22 | TED-FEM-FPC-GEN-01-051-08RE: Suspension from the Foreign Exchange Market: Messrs Sahel BDC and Whittis BDC
The Central Bank of Nigeria lifts the suspension of two Bureaux de Change operators, Sahel BDC and Whittis BDC, allowing them to resume participation in the foreign exchange market. The suspension, which was initially imposed on August 30, 2007, has been lifted as of the date of the circular. B. Musa, the Acting Director of the Trade and Exchange Department, communicates this decision to all authorized dealers, BDC operators, and the general public.
Central Bank of Nigeria Central Business District P.M.B. 0187 Garki, Abuja
Tel: 09 616 37 804 May 23, 2007 Fax: 09 616 37 802 E-mail address:ted@cenbank.org TED/FEM/FPC/GEN/01/049 May 22, 2008 TO: All Authorised Dealers, Bureaux De Change Operators and the General Public RE: SUSPENSION FROM THE FOREIGN EXCHANGE MARKET: MESSRS SAHEL BDC AND WHITTIS BDC This is to inform all Authorised Dealers and the general public that the suspension from the Foreign Exchange Market of the underlisted Bureaux de Change operators vide the circular Ref: TED/FEM/FPC/GEN/01/105 dated August 30, 2007 is hereby lifted.
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Sahel BDC Limited RC No. 693368 18, Sani Adewale Street Lagos.
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Whittis BDC Limited RC No. 667271 12, Berkley Street Onikan - Lagos Consequently, the BDCs can now participate in the Foreign Exchange Market with effect from the date of this circular.
B. MUSA Ag. DIRECTOR TRADE & EXCHANGE DEPARTMENT