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Nigeria: Electronic reporting for exports

Nigeria: Electronic reporting for exports

The Central Bank of Nigeria announced the deployment of an electronic version of a form (e-Form NXP) for use by export businesses—in particular, exporters in the oil and gas sector.

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The electronic version of Form NXP replaced the hardcopy version of Form NXP with regard to electronic processing on the trade monitoring system. Exporters will be required to use their tax identification number to access the e-Form NXP on the trade monitoring system and pay a processing fee of ₦5,000 per declaration for the e-Form NXP.

The authorities are providing a 90-day transition period for all hardcopy Forms NXP to be used before they will be deemed cancelled.    

Read a November 2019 report [PDF 179 KB] prepared by the KPMG member firm in Nigeria

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