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Following the original circular dated 24th August 2020 on destination payment, the Central Bank of Nigeria (CBN) has updated this directive on 18th November 2020 to clarify the term “Ultimate Supplier of Products”.

The Central Bank of Nigeria has released new directives for destination payments, Form M, letters of credit and other forms of payments. Discover the latest updates.

As part of their responsibility of maintaining standards and ensuring the quality of products imported into their countries, SON has raised the alarm on imports of sub-standard engine oil into Africa.

Discover answers to key questions about the e-Form M, the online mandatory documentation process required for importing into Nigeria.

To prevent Nigerian citizens from fake and substandard products, Dolapo Badru, the Chairman, House of Representatives Committee on Ministry of Industry, Trade and Investment has recently reaffirmed the committee’s commitment in returning Standards Organisation of Nigeria (SON) not only to Nigerian ports, but also to the nation’s land borders.