The Central Bank of Nigeria (CBN) released a circular on 6 October 2020 notifying international shipping and airfreight companies that they will be sanctioned for not complying with its directive requiring all exported goods leaving the country to carry Nigerian Export Proceeds (NXP) form numbers on their bills of lading or airway bills, as specified in the bank’s circular TED/FEM/FPC/GEN/01/009, dated June 06, 2017. More