In continuation of the effort of the Central Bank of Nigeria (“CBN”) to increase foreign exchange (“FX”) availability in the Nigerian Foreign Exchange Market, and the need to ease the difficulties encountered by Nigerians in obtaining funds for some invisible transactions, the CBN, on February 20, 2017 issued “Guidelines for the Operationalisation of the New Policy on PTA and School Fees” (the “New Guidelines”). Prior to the issuance of the New Guidelines, the CBN, on or about June 20, 2016, collapsed the autonomous foreign exchange market and the interbank foreign exchange market into a single flexible foreign exchange market in Nigeria, such that the CBN began to operate a single market structure through the autonomous/interbank market under the Interbank Foreign Exchange Market (“Interbank Market”).

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    Name INCREASED FOREIGN EXCHANGE AVAILABILITY IN NIGERIA Date 23 Feb 2017 Categories Corporate Finance & Securities Author admin
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    We are delighted to announce the tenth-year anniversary of Bloomfield Law Practice (“Bloomfield”). From our humble beginnings, Bloomfield continues to grow from strength to strength in Nigeria and the global market. We would like to thank God for the Grace that has seen Bloomfield through the many years; starting as a dream to serve, to its current state. We would also like to thank our clients who believed in our desire to serve and gave us the opportunity to be their trusted advisors.

    Further, I would like to thank my partners, Ayodele Oni and Adedoyin Afun who bought into the Bloomfield vision and have injected a fresh drive to build an institution that would outlive us.

    Additionally, I would like to thank both the past and current legal practitioners and administrative staff that have helped to build Bloomfield in one capacity or the other.

    As we celebrate this wonderful milestone, our desire to act as trusted advisors to our clients is further regenerated and our hope is to leave an indelible mark in the African market, wherein the name, Bloomfield, is synonymous with excellence in provision of legal services.
    Adekunle Obebe, Managing Partner