Regulatory Alerts2021-12-03 | TED/FEM/FPC/GEN/01/011Automation of Form A on the Trade Monitoring System
The Central Bank of Nigeria announces the automation of Form 'A' for invisible transactions, replacing hard copies with e-Form 'A' accessible via the Trade Monitoring System. This electronic process requires a valid Bank Verification Number and incurs a fee of N5,000 per declaration. Authorized dealers must inform their customers of this change and ensure compliance.
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