Non-oil export proceeds to attract rebate – CBN

In a circular to all authorized dealers signed by CBN Director, Trade and Exchange Department, O.S Nanji, the bank directed that export of products in their raw form will now be eligible for rebate.

He said a rebate amount of N25 for every USD$1 repatriated and sold on the Investors & Exporters’ Window (1&E) for third party use shall apply, while N15 for every USD$1 repatriated and sold on the Investors’ & Exporters’ Window (I&E) for own use shall apply.

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