General

CBN to sanction shipping lines exporting undocumented cargoes from Nigeria

The CBN Governor, Godwin Emefiele said this today while speaking at the RT200 Non-Oil Export Summit 2023 in Abuja.

Governor Emefiele said the development of the non-oil export sector is crucial given that it holds vast potential for generating a significant amount of foreign exchange earnings.

He said the CBN regularly monitors and appeals to exporters to document their exports and repatriate proceeds so they can be utilized optimally for the benefit of the country’s economy.

 

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