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This is contained in a circular signed by O.S. Nnaji, director of trade and exchange department at CBN, on Wednesday.
NESS levy is a statutory payment to the federal government, which is charged at 0.50 percent of the export value. The apex bank collects the fees through designated banks on behalf of FG.
It was designed to ensure that the price, quality, and quantity of goods exported from Nigeria are to the buyer’s specifications, prevent capital flight and ensure competitive advantage in relation to other exporting countries.
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The apex bank said the approval was granted by Zainab Ahmed, minister of finance, budget and national planning.
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Published 7 June 2021
First City Monument Bank has said it will continue to champion, execute and support initiatives that will enhance the ecosystem, as well as tackle some of the adverse effects of climate change and other challenges facing the environment.
The bank said this in a statement to commemorate the World Environment Day.
According to the bank, a cleaner and more sustainable environment would create better world for present and future generations.
The bank disclosed that it organised various educational programmes, in partnership with the Nigeria Conservation Foundation and other stakeholders as part of its commitment towards its corporate social responsibility in keeping the environment sustainable.
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