CBN introduces special foreign exchange window for investors and exporters

CBN introduces special foreign exchange window for investors and exporters

The Central Bank of Nigeria (CBN) on 21 April 2017 announced that it has set up a special foreign exchange window for investors, exporters and end users. The announcement was made via a Circular referenced FMD/DIR/CIR/GEN/08/007.

Migration of physical CCIs due latest 28 November, 2016

Tax Alert | Migration of physical CCIs due latest 28 November, 2016

Some deposit money banks have recently sent out notices to customers to submit active (i.e. unutilized/partly utilized) physical certificates of capital importation (CCIs) for data capturing and migration to the new electronic format (e-CCI). This notice is in line with the recent activities of Central Bank of Nigeria (CBN) geared towards automating the process for issuance and administration of CCIs.