We assure all investors that the integrity of the CCI regime remains sacrosanct and there shall be no retroactive application of foreign exchange rules and regulations.
According to the statement
Innovations such as the introduction of the NAFEX window, and the delegation of the issuance of CCIs to commercial and merchant banks were done to instill confidence in the investor community and encourage the flow of foreign direct and portfolio investments into the Nigerian economy.
Foreign investors in the stock market had been selling down their holdings in response to rumors the CBN would embark on a retroactive application of foreign exchange laws pertaining to the certificate of capital importations (CCIs).
Resolution in the offing?
The apex bank also hinted at a possible resolution.
In response to the recent regulatory actions, the Banks and MTN are engaging the CBN and have provided additional information which is currently being reviewed with a view to arriving at an equitable resolution.