Regulatory Alerts2022-02-28 | TED/FEM/FPC/GEN/01/002Added · Updated
Operating Guidelines for RT200 Non-Oil Export Proceeds Repatriation Rebate Scheme
The Central Bank of Nigeria (CBN) introduces the RT200 Non-Oil Export Proceeds Repatriation Rebate Scheme to encourage the repatriation and sale of export proceeds in the FX market, with the aim of raising $200 billion in foreign exchange earnings from non-oil sources over 3-5 years. The scheme offers incentives to exporters who sell their repatriated export proceeds at the Investors' & Exporters' Window, with the CBN being responsible for the scheme's day-to-day administration. Authorized Dealer Banks play a crucial role in authenticating documents and ensuring compliance with the scheme's guidelines.
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Topics
fx
monetary
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