Central Bank of Nigeria to begin payment of 65-naira refund to exporters.

Written by on April 9, 2022

The Central Bank of Nigeria of Nigeria (CBN) said it would begin payment of 65-naira refund to exporters who sold their goods through the importers and exporters (I&E) window, at the end of the first quarter.

CBN Governor, Godwin Emefiele, said this shortly after signing the Term Sheet between the Infrastructure Corporation of Nigeria (InfraCorp) and the Independent Asset Managers, on Friday in Lagos.

Reports says that the apex bank had in February announced policies, plans and programmes for non-oil exports that would enable Nigeria earn 200 billion dollars in foreign exchange repatriation.

The CBN governor expressed the bank’s determination to ensure the success of the initiative.

He added that the kind of numbers that the apex bank got from the banks showed the policy was working very well.

Amen J Kantiyok


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