The Central Bank of Nigeria, CBN, earlier in the week announced that it will make forex available to oil marketers paying port charges to the Nigerian Ports Authority (NPA) and other agencies like the Nigerian Maritime Administration and Safety Agency (NIMASA).
In a circular marked TED/FEM/FPC/GEN/01/011 and signed by the Director of Trade and Exchange Department, Wuritka Dauda Gotring, the apex bank explained that all what the oil marketing firms need to do to access this forex support is to fill the Form ‘A’.
The apex bank stated that it was offering this support to improve forex availability and as well “ameliorate challenges encountered by critical stakeholders.”
The CBN, in the circular, disclosed that, “Authorised dealers are directed to accept the request for the payments of port charges from oil marketing companies and forward same to the CBN Foreign Exchange window.”
