EXPORT CREDIT - Working Capital Management

In order to encourage export, the Central Bank of Nigeria has framed various schemes for extending credit to exporters. These schemes, implemented through the banks, including financing the exporter at both the pre-shipment state are called packing capital finance against exportable goods. The credit extended at the post shipment stage is in the form of bill finance or purchase, discount or negotiation of documents relating to the shipment credit an irrevocable export LC or firm order except in the case of specified commodities for which Central Bank of Nigeria has waived the requirement of LC or firm order at the pre-shipment stage.

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Working Capital Management Topics