CBN Automates Forex Forms For BTA, Tuition Fee

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Nigerian banks have informed their customers regarding the automation of Forms A and NCX for invisible and non-commercial exports transactions.

This is in adherence to the directive issued by the Central Bank of Nigeria (CBN).
The CBN had said that it would begin deploying e-forms for both forex transactions from Tuesday and  authorised dealer banks should inform their customers of the development for compliance.

FSDH Merchant Bank Limited sent a notice to its customers on Tuesday, following the announcement by CBN.

Also, complying with the apex’s bank directive, Stanbic IBTC bank sent a notice to its customers on Wednesday.

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– The Cable

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