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Central Bank of Nigeria

Removal of the Spread on Foreign Exchange Transactions

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Author
Central Bank of Nigeria
Reference No.
FMD/DIR/PUB/CIR/001/012
Year
2024
Pages
1 page

The Central Bank of Nigeria discontinues caps on spreads for interbank foreign exchange transactions and restrictions on the sale of interbank proceeds. Authorised Dealers must continue trading on a willing buyer and willing seller basis, comply with ethical standards and transparency requirements, immediately record executed…

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