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Federal finance and statistics / Central Bank of Nigeria

Use of RDAS Funds For Investment In Securities Denominated In Foreign Currencies and Establishment of Offshore Subsidiaries/Branches

Keywords: In furtherance of he ongoing reforms, Authorised Dealers and the General Public are hereby notified that, with effect from the date of this circular, Rdas funds shall not be eligible for investment in securities denominated in foreign currencies abroad and setting up of offshore subsidiaries/branches. Please ensure compliance accordingly. Signed by: Batari Musa, Ag. Director, Trade and Exchange Department

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