CBN Bars Exporters With Unrepatriated Export Proceeds from all Banking Services

Saturday, January 23, 2021 / 09:07 AM / By Proshare Research/ Header Image Credit: EcoGraphics

The Central Bank of Nigeria (CBN), through its circular, has instructed that all exporters with unrepatriated export proceeds should be barred from accessing all banking services by 31st January 2021.

Affected exporters are expected to comply with this directive before the specified date.

Exports can direct all enquiries on this directive to their respective banks.

Related News

1. CBN Provides Clarifications on the Operations of Export Proceeds and Ordinary Domiciliary Accounts
2. CBN Automates Nigerian Export Proceeds Form ("Form NXP") for Commercial Exports
3. Repatriation of Oil and Non-Oil Export Proceeds
4. CBN Cautions Oil and Non-Oil Exporters on Remittance of Proceeds
5. Only Licensed IMTOs Are Permitted to Facilitate Diaspora Remittances into Nigeria - CBN
6. Analysts Examine Prospects for Optimizing Choices for Growth in 2021
7. Exchange Rate Adjustment - IEFX Rate Devalued Briefly Before Appreciating
8. Forex Trading: Prospects for the Nearest Future
9. Gross Official Reserves Declined by US$40m in December 2020 to US$35.37bn
10. Implications of CBN's Adjustment to the I and E Window Rate