Announcement
17 Feb 2015
In February 2015, the government of Nigeria announced a rule change for commercial cross-border financial flows.
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Number of interventions
1
1 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
17 Feb 2015
Revocation date:
No revocation date
Updated: 17 Feb 2015
Controls on commercial transactions and investment instruments
In force
On 17 February 2015, the Central Bank of Nigeria (CBN) banned access to foreign exchange auctions, introduced constraints on local banks and devalued the national currency, the Naira.
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