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NEWS and REPORTS => Nigerian News => Topic started by: Shola Sholaz on Nov 26, 2012, 04:47 PM

Title: Central Bank of Nigeria starts automation of forex documentation
Post by: Shola Sholaz on Nov 26, 2012, 04:47 PM
Central Bank of Nigeria, CBN, has commenced the automation of foreign exchange docmentation, with a three weeks pilot run.
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The pilot scheme which commenced last Friday, involves seven banks namely First Bank, Zenith Bank, Guaranty Trust Bank, Diamond Bank, Unity Bank, Wema Bank, and Standard Chatered Bank. The automation of foreign exchange documentation means that application for foreign will be initiated electronically.