CBN procedures creating bottlenecks for exports – Exporters
Punch Newspapers Sections Okechukwu Nnodim The pre-export requirements recently introduced by the Central Bank of Nigeria is currently frustrating the export of goods from Nigeria to other nations, exporters declared on Wednesday. Speaking under the aegis of the Network of Practicing Non-oil Exporters of Nigeria, they stated that the electronic Nigeria Export Proceed Form being required by the bank from exporters had come with enormous bottlenecks. The President, NPNEN, Ahmed Rabiu, said in a statement issued in Abuja that the new procedure had so many layers of activities that often led to d...
Source: punchng.com