Federal finance and statistics / Central Bank of Nigeria

Retail Durch Auction System (RDAS): sale of foreign Exchange by Oil and Oil Services Companies, NNPC, and Other Government Agencies

Keywords: In order to ensure consistency with the RDAS framework, avoid leakages and abuses in the utilization of foreign exchanage, the procedures for the sale of foreign exchange by oil and oil services companies, NNPC, NPA, NMA and Shippers Council,and other Government agencies to meet their local commitments are hereby reviewed as follows: (1) With effect from February 26, 2009 oil and oil services sell their foreign exchange receipts to the CBN; (2)All Govt Agencies earning Forex including NNPC,NPA,NMA AND sHIPPERS cOUNCIL are required to sell their forex to CBN; (3)The price at which CBN…

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Source	Central Bank of Nigeria
Collection	Federal finance and statistics
Kind	Document
Publisher	Central Bank of Nigeria
Date	2009-02-25
Type	circular
Found at	https://www.cbn.gov.ng/api/GetAllCirculars
Archived copy	Look it up in the Wayback Machine
Record ID	`cbn:cbn:ece130fc39220399`

Cite this record

Retail Durch Auction System (RDAS): sale of foreign Exchange by Oil and Oil Services Companies, NNPC, and Other Government Agencies. Central Bank of Nigeria, 2009. Vero Archive, record cbn:cbn:ece130fc39220399.