
Central Bank of Nigeria
Portfolio Investment in Nigeria; Amendment of Memorandum 21 of the Foreign Exchange Manual
- Author
- Central Bank of Nigeria
- Reference No.
- TED/FEM/FPC/GEN/01/009
- Year
- 2016
- Pages
- 2 pages
This circular amends Memorandum 21 of Nigeria’s Foreign Exchange Manual to permit resident and non-resident Nigerian nationals and companies that remit foreign currency through an Authorized Dealer specifically for investment to invest in money market instruments, bonds and equities. It sets documentation requirements, establishes the…