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Dealing with derivatives in an emerging market
  • Nigeria
  • 14 December 2011

The Central Bank of Nigeria (CBN) is responsible for developing the Nigerian financial markets and assuring the stability of the financial system. In pursuance of these objectives, the CBN has issued the Guidelines for FX Derivatives in the Nigerian Market. The guidelines regulate the activities of authorised dealers of foreign exchange in Nigeria (ie, banks, bureaux de change and discount houses) in regard to derivatives transactions.

Aluko & Oyebode
Aluko & Oyebode