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There is no better partner for foreign trade.
Form Q was introduced by The Central Bank of Nigeria (CBN) to improve access to foreign exchange for Small and Medium Scale Enterprises (SMEs).
All SMEs can apply for foreign exchange, by presenting a completed form alongside the following documents:
• Applicants must be account holders with the processing Authorised Dealers and must have operated an account for not less than six (6) months
• Applicants must submit a written application letter
• Provision of Proforma Invoice (PFI) from the supplier
• Provision of suppliers’/beneficiary’s bank account details
Customers must submit the relevant shipping documents not later than 60 days deadline from the date of transfer. (This will be hyperlinked to the form)