2019-10-29 | TED/FEM/FPC/GEN/01/003

Automation of Form "NXP" on the Trade Monitoring System

The Central Bank of Nigeria has announced the automation of Form "NXP" for commercial exports, replacing the hard copy form with an electronic version accessible via the Trade Monitoring System. This change will take effect on October 31, 2019, and authorized dealers are required to ensure their export customers obtain a valid Tax Identification Number as a prerequisite for accessing the e-Form 'NXP' application. A fee of N5,000.00 per declaration for the e-Form will be directly debited from the processing bank's account and should be recovered from the customer.

Nigeria

Central Bank of Nigeria

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