CBN joins NPA, NIMASA’s port charges to forex window

The Central Bank of Nigeria (CBN) has added the Nigeria Ports Authority (NPA) and Nigerian Maritime Administration and Safety Agency (NIMASA) to its official forex window. The move, according to CBN is to improve foreign exchange availability in the market and reduce challenges encountered by critical stakeholders, including in the payment of port charges to the related authorities. It was learnt that it would further liberalise the market that would allow some transactions that earlier sourced foreign exchange autonomously to regain access to the official window.