Global Trade Alert
Global Trade Alert

Nigeria: Central Bank prohibits banks to accept foreign currency deposits

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

Implementation date

05 Aug 2015

Revocation date:

No revocation date

Announced: 05 Aug 2015
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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Harmful Trade Policy Measures

This Thread tracks harmful trade policy interventions affecting all products. Covering all types of interventions monitored by Global Trade Alert, it highlights how the yearly number of these measures has evolved over time.

Published: 04 Sep 2024

70711

interventions

194

jurisdictions