SECOND-TIER FOREIGN EXCHANGE MARKET ACT

Section 23: Interpretation.

1986Section 23 of 24Federal Republic of Nigeria

In this Act, unless the context otherwise requires-
"Authorised Dealer" means any bank or other corporate body appointed as such by the Minister under the provisions of this Act;
"Central Bank" means the Central Bank of Nigeria;
"First-Tier Foreign Exchange Market" means the foreign exchange market operated by the Central Bank up to the date specified by virtue of section 17 of this Act;
"foreign currency" means convertible foreign currency;
"Market" means the Second-Tier Foreign Exchange Market
established pursuant to section 1 (1) of this Act;
"Minister" means the Minister charged with responsibility for matters relating to finance; and
"Ministry" shall be construed accordingly.

Cite this section

Section 23, SECOND-TIER FOREIGN EXCHANGE MARKET ACT (1986).

https://repo.podus.ai/laws/second-tier-foreign-exchange-market-act/section/23/