The Central Bank of Nigeria yesterday threatened to sanction shipping and airline companies that continue to flout its stipulated guidelines on exports.
It stated: “The CBN has observed with dismay the non-compliance by Shipping and Airline companies to the provisions of the Circular referenced TED/FEM/FPC/GEN/01/009 dated June 06, 2017, requiring that Bills of Lading/Airway Bill in respect of exports from Nigeria carry the Form NXP number in respect of the underlying cargos.
Consequently, it stated that all shipment or export cargoes from Nigeria would with effect from October 6, 2020, be in accordance with the aforementioned procedures.