Announcement
05 Aug 2015
In August 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
1 in force
Implementation date
05 Aug 2015
Revocation date:
No revocation date
Controls on commercial transactions and investment instruments
In force
On 5 August 2015, the Central Bank of Nigeria (CBN) prohibited commercial banks to accept deposits of foreign currency cash. The policy was published in a circular by the CBN's Director of the Trade a...
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