Nigeria: CBN Introduces Form X for SMEs Requiring Basic FX Documentation

18 April 2017

As part of its objectives to increase foreign exchange liquidity and make it accessible to small and medium enterprises (SMEs) and other retail businesses, the Central Bank of Nigeria (CBN) has introduced the use of Form X for SMEs that require basic documentation.

Confirming this in a statement on Monday, CBN spokesman, Mr. Isaac Okorafor, said the innovative measure is meant to ease the bottlenecks associated with documentation usually encountered by this category of businesses.

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