Non-Transferability Of Funds Procured From The Wholesale Dutch Auction System (WDAS) among Authorized Dealers
Keywords: The CBN has observed with concern the widening spread between teh WDAS and the inter-bank exchange rates. This has been traced largely to authorized dealers who purchase funds at the WDAS window and sell at teh inter-bank market. As a result of this activity, the end-us…
Circular on the Need to Provide Adequate Narration for Inter-bank Transfers Over the CBN Inter-bank Funds Transfer System, CIFTS
Keywords: Circular,Need to Provide Adequate Narration for Inter-bank Transfers Over the CBN Inter-bank Funds Transfer System,CIFTS,Inter-bank Transfers,CBN,Banking Operations Department,BOD,Nigeria,Central Bank of Nigeria,DMB,DH,Deposit Money Bank,Discount House
Foreign Exchange Market (WDAS) Auction No. 06/2009
Keywords: FURTHER TO OUR CIRCULAR REF. TED/FEM/FPC/01/110/09 OF 8TH JULY, 2009, THE CBN HEREBY INTERVENES WITH AN OFFER OF USD200.00 MILLION (TWO HUNDRED MILLION UNITED STATES DOLLARS) FOR SALE AT THE FOREIGN EXCHANGE AUCTION OF WEDNESDAY 29TH JULY, 2009 AUTHORISED DEALERS ARE TH…
The Revised Guidelines For The Operational of The Foreign Exchange Market: Wholesale Dutch Auction System
Keywords: This is to inform All Authorised Dealers taht paragraph 3 (b) of the circular Ref: TED/FEM/FPC/GEN/01/110 of July 8, 2009 on the above subject has ben amended as follows: "Authorised Dealers shall submit bids for only one (1) tranch per auction, while the Central Bank o…
Foreign Exchange Market (WDAS) Auction No. 05/2009
Keywords: Furtheer to our circular Ref. TED/FEM/FPC/01/110/09 of 8th July, 2009, the CBN hereby intervenes with an offer of USD200.00 Million (Two Hundred Million United States Dollars) for sale at the Foreign Exchange Aauction of Monday 27th July, 2009 Authorised dealers are the…
Suspension of BAs and CPs as Off Balance-Sheet Items
Keywords: BAs,CPs,CentralBankofNigeria,CBN,banks,bank,commercialpaper,institutions,assets,bankers,suspension,balancesheet,exemption,BOFIA,instruments,money,deposits,papers,loans,nigeria,banking,supervision,discounthouses,houses,discount,financial,transaction,
Re: Daily Rendition of Returns by Non-Bank Class 'A' Bureau De change Operators
Keywords: Further Circular Ref: TED/FEM/FPC/GEN/01/099 of 12/6/2009 ALL Non-Band Class 'A' BDC informed daily rendition condition eFASS participation forex market. H. A. Salako, Trade & Exchange Department.
Notice of Meeting of Stakeholders on Bureaux De Change Operators
Keywords: All Authorised Dealers meeting scheduled Auditorium, CBN, Head Office, Abuja Wednesday July 22, 2009, 11.00 a.m. Salako, H. A., Trade & Exchange Department.
Amendment of Guidelines on Repatriation of Export Proceeds for Non-oil Commercial Exports.
Keywords: All Authorised Dealers,General public repatriation,export proceeds all non-oil exports revieewed.Henceforth,proceeds non-oil exports must, fully,repatriated 180 days,date shipment. H. A. Salako,Trade & Exchange Department.
Clarification on Branches, Cash Centres and Meeting Points and Limits of Investment in Fixed Assets for Operators and External Auditors of All Microfinance Banks
Keywords: Central Bank of Nigeria,CBN, Microfinance Banks,MFB,Branch, cash centre,meeting point and has therefore found it necessary to provide the following clarifications and to remind operators of the limit of investment in fixed assets, business location, bank
Warning to All Primary Mortgage Institutions,MIcrofinance Banks and Finance Companies on the Issuance of False/Forged Statements of Accounts
Keywords: CBN Circular No.OFID/DIR/CIR/GEN/Vol.01/001 of 25th June, 2007, primary mortgage institutions,PMIs,microfinance banks,MFBs,Finance Companies,FC, Embassies and High Commissions, entry visa, immoral, unethical and illegal acts, integrity, falsified or forg
Revised Guideline for Repo Transactions and CBN Inter-Bank Guarantee
Keywords: Circular,banks,bsd,cbn,BOD/DIR/CIR/GEN/01/23,march 16, 2009,BSD/DIR/GEN/CIR/03/012,July 13, 2009,money market,interest rates,interest of the economy,FGN Bonds,repo transactions,liquidity,placements,inter-bank markedeposit money bank,discount houses,Penpion funds adminis…
Common Year End
Keywords: Bsd,BSD/DIR/CIR/VOL.2/004,June 18, 2009,common year end,banks,december 31, 2009,deadline,circular,cbn
Daily Returns on Interbank Placements and Takings
Keywords: Interbank,placements,takings,banks,discount houses,placements and takings, subsidiaries,bsd,cbn
List of Authorised Signatories of Trade & Exchange Department, CBN, Abuja
Keywords: All Authorised Dealers, current authorised signatories,Trade & Exchange Department,CBN, Abuja. Batari Musa.
Guarantee For Inter-Bank Placement And Placements With Banks By Pension Fund Administrators
Keywords: monetary policy,cbn,inter-bank placements,placements,banks,pension funds administrators,local currency,naira,national pension commission,pencom,banking supervision
Preparation of Financial Statements as at June 30, 2009
Keywords: Financial statement,audited accounts,loan loss provisions, banking supervision,circular
Re: Operational Guidelines for Direct Foreign Exchange Cash Sales to Both Classes 'A' & 'B' Bureaux De Change (BDC) Operators
Keywords: Continued effort further liberialize foreign exchange market,notice given CBN resume direct foreign exchange (cash) sales Class 'B' BDC operators effective Monday July 13, 2009. Batari Musa, Trade & Exchange Department.
Documentation for Credit Card Settlement
Keywords: All Authorised Dealers, Class 'A' BDC operators documentation requirement,settlement Credit Card. Batari Musa, Trade & Exchange Department.
Revised Guidelines for the Operation of the Foreign Exchange Market: Wholesale Dutch Auction System (WDAS)
Keywords: Further circular Ref:TED/FEM/FPC/GEN/01/088 of May 22, 2009,Central Bank of Nigeria re-introduces Wholesale Dutch Auction System (WDAS) Monday 13/7/2009. Batari Musa, Trade & Exchange Department.
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