2020-10-06 | TED/FEM/FPC/GEN/001/008

Compliance with Exports Procedure in Nigeria

The Central Bank of Nigeria is concerned about shipping and airline companies' non-compliance with export procedures, specifically the requirement to include Form NXP numbers on Bills of Lading/Airway Bills for exports from Nigeria. The bank has issued a reminder that all shipments of export cargoes from Nigeria must comply with the specified procedures, including generating Form NXP numbers through the Trade Monitoring System (TRMS) platform. Non-compliance will result in severe sanctions, including refunds of the forex value of illegally exported goods and Post-No-Debit on bank accounts.

Nigeria

Central Bank of Nigeria

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