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We’ll penalise shipping companies exporting undocumented cargoes, says CBN | TheCable

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The Central Bank of Nigeria (CBN) has threatened to penalise shipping companies exporting undocumented cargoes from the country.

The summit is themed ‘RT200: Challenges and Prospects’.

He, however, said the apex bank was aware that some people try as much as possible to sidetrack the process by attempting to export their cargo without documentation. “We have so far not done anything like that just because we feel that the shipping lines will be responsible to do what is right. But, if we do not see the kind of cooperation that we expect, I’d have to insist that we do what we need to do.”Speaking on the success of the RT 200, the CBN governor said earnings from non-oil exports increased by 40 percent from $3 billion in 2021 to $5.6 billion at the end of 2022.

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