Regulatory Alerts2015-07-03 | TED/FEM/FPC/GEN/01/013Added · Updated
Procedures for Registration of Forms 'M' for Goods "Not Valid for Foreign Exchange"
The Central Bank of Nigeria has implemented new procedures for registering Forms 'M' for goods "Not Valid for Foreign Exchange." Authorized Dealers and importers must now submit additional documents, including a pro forma invoice and insurance certificate, with their Forms 'M' on the Nigeria Single Window for Trade Portal. The Central Bank assures that this new measure will not disrupt the existing process and that approvals will be granted within 48 hours of receipt.
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