SECOND-TIER FOREIGN EXCHANGE MARKET ACT

Section 7: Structure of the Market.

1986Section 7 of 24Federal Republic of Nigeria

The Market shall be structured along the inter-bank system, that is to say-(a) dealings between the public and Authorised Dealers appointed under this Act;
(b) dealings between the Authorised Dealers appointed under this Act interse; and
(c) weekly biddings and price fixing sessions between Authorised Dealers appointed under this Act on the one hand and the Central Bank on the other hand.

Cite this section

Section 7, SECOND-TIER FOREIGN EXCHANGE MARKET ACT (1986).

https://repo.podus.ai/laws/second-tier-foreign-exchange-market-act/section/7/