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Nigeria CBN building, Abuja

Capital Importation e-Certificate To Boost Nigeria’s Investment – Central Bank

IT NEWS NIGERIA:

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Central Bank of Nigeria (CBN) has announed within the week that it has introduced Electronic Certificate of Capital Importation (eCCI) platform effective Monday 11th September.

 

according to a circular signed by Director, Trade and Exchange, CBN, Mr W.D Gotring, the apex finance watchdog added that the move is aimed at boosting foreign direct investment (FDI) inflows into Nigeria economy.

 

“In a bid to enhance transparency and efficient processing of foreign investment flows to the country, the Central Bank of Nigeria hereby informs the Authorised dealers and the public of the deployment of Electronic Certificate of Capital Importation (eCCI) platform,” he said.

 

The circular is titled ‘Implementation of Electronic Certificate of Capital Importation platform’ also stated that “the eCCI shall replace the hard copy CCI that is typically issued with respect to capital inflows, cash and machinery inclusive. Consequently effective from Monday 11th September, 2017, the processing of Certificate of Capital Importation in Nigeria shall only be done electronically on the eCCI platform.”

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