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.
– The Cable