Exporters Decry Shipment Delays Over CBN Policy       The Organised Private Sector Exporters Association (OPEXA) has called on the Central Bank of Nigeria (CBN) to urgently address the delays in shipments being faced by non-oil exporters since October when the bank enforced a new regulation on...

Exports Suffer Setback As New CBN Policy Bites Hard       The new policy by the Central Bank of Nigeria (CBN) directing all exporters to present the Nigeria Export Proceed (NXP) number before exporting any good outside the country is currently causing a setback for international trade. Already,...

Exporters, Agents Lament Difficulties In Obtaining CBN Proceeds Number       Nigerian exporters have lamented the difficulties and undue stress in obtaining the Nigerian Export Proceeds Number, a new procedure introduced by the Central Bank of Nigeria for non-oil exportation. The exporters and agents in separate interviews said...

The Federal Government has approved the reduction of documentation requirements and timeline for import and export trade transactions to 48 hours. A circular to authorised dealers, signed by the Central Bank of Nigeria (CBN) Director, Trade and Exchange Department, W.D. Gotring explained that the revised...