Global Trade Alert
Global Trade Alert

Nigeria: The Central Bank of Nigeria required all transactions to be processed locally

Announcement

12 Aug 2011

The Central Bank of Nigeria on 12 August 2011 via issuing the 'Guidelines on Point of Sale (POS) Card Acceptance Services' for the first time established that all financial transactions must be processed locally.
 

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

12 Aug 2011

Revocation date:

No revocation date

Local operations requirement In force

The Central Bank of Nigeria on 12 August 2011 via issuing the 'Guidelines on Point of Sale (POS) Card Acceptance Services' for the first time and with immediate effect established that all domestic tr...

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