CBN Makes e-marine Insurance Mandatory For Form M     The Central Bank of Nigeria has made digital marine insurance certificate a mandatory requirement to obtain Form M. The bank disclosed this in a circular titled ‘Integration of digital marine insurance certificate with e-Form on the Nigeria trade...

CBN Moves To Clamp Down On Forex Abuse By Dealers     The Central Bank of Nigeria has said it is eliminating foreign exchange abuse and other practices by dealers which affect goods purchased by the average Nigerian consumers. The CBN said this in a circular on Monday...

CBN Bans Forex For Maize Importation     The Central Bank of Nigeria has directed foreign exchange dealers to stop processing ‘Forms M’ for the importation of maize in order to boost local production. The CBN stated this in a circular on Monday to all authorised dealers and...

CBN Unveils Electronic Form To Facilitate Exports   The Central Bank of Nigeria (CBN) has introduced electronic forms for commercial exports (e-Form NXP) to replace the hard copy form that was in use previously. In a notification to all authorised dealers, the Nigeria Customs Service, pre-shipment inspection...