2016-07-08 | FMD/DIR/GEN/CIR/07/002

Onboarding Corporates on FMDQ-Advised FX Trading and Surveillance Systems

The Central Bank of Nigeria (CBN) is directing all authorized dealers and corporate institutions to execute FX-related trades through the FMDQ-advised FX Trading, Auction, and Surveillance Systems starting August 1, 2016, to promote transparency and professionalism in the Nigerian FX market. This system will be deployed to corporates that meet FMDQ's onboarding eligibility criteria and have been pre-approved. Strict compliance with this directive is expected from all authorized dealers and corporate institutions operating in the Nigerian FX market.

Nigeria

Central Bank of Nigeria

Show thumbnail