CBN to guarantee Letters of Credit for importers - 9JAOlofofo | Nigeia #1 gossip site.

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Thursday, 20 October 2016

CBN to guarantee Letters of Credit for importers

In fulfilment of its pledge to fund forward sales under the new flexible foreign exchange regime, the Central Bank of Nigeria has said it will in the next few months fund the 60-day forward sales and request from the agricultural, aviation, machinery and raw materials sectors, thus guaranteeing letters of credit for importers to ship in required goods.
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