CBN Releases E-invoicing Guidelines for Import, Exports



Geoff Iyatse | The Guardian Nigeria

The Central Bank of Nigeria (CBN) has released guidelines for the newly-introduced electronic invoicing (e-invoicing) and evaluator for exporters and importers, saying the process commences on February 1, 2022.

The new regulation, it stated, is aimed at determining the accurate value for goods leaving the country or otherwise. The migration was announced in August, last year.

At the weekend, the apex bank said the electronic process, which replaces the hard copy, would commence on February 1. It added that the invoice must be authenticated by the authorized dealer banks. 

To read the full article by The Guardian Nigeria, please click here.