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17 June 2016



After prolonged waiting and speculation, the Governor of the Central Bank of Nigeria on June 15, 2016 finally announced far-reaching changes to the foreign exchange regime in Nigeria.  The changes represent the most ambitious and extensive reordering of the foreign exchange market in Nigeria since the repeal in the 1990s of the Exchange Control Act of 1962.  Our newsletter highlights some of the headline changes introduced into the Nigerian FX market by the regime.

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