The Central Bank of Nigeria, CBN, has approved CFA Franc to be captured on Nigeria Export Proceeds, NXP, forms for the repatriation of export proceeds.
Executive Director, Nigeria Export Promotion Council, NEPC, Mrs. Nonye Ayeni, made this public while addressing newsmen on the Non-Oil Export Performance for the year 2024 in Abuja on Friday.
Ayeni said that the council had earlier engaged the apex bank on the inclusion of the CFA Franc to boost trading.
The NEPC Executive Director stated that the currency was one of the currencies to be received as export proceeds by the bankers.
Mrs. Ayeni also highlighted other efforts by the agency to facilitate exports, including certification of 400 small and medium-sized enterprise (SME) exporters.
