The Central Bank of Nigeria has introduced an Electronic Invoice for imports and exports of goods

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The Central Bank of Nigeria has  introduced an Electronic Invoice for imports and exports of goods
In a  released circular,

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The apex bank said the issuance of the e-Invoice is to begin February 1, 2022. 

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It stated that no importer/exporter may effect payment to the credit of any foreign supplier unless the electronic invoice has been authenticated by authorised dealer banks presented together with the relevant document for payments.

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The introduction of e-valuator and e-invoice replaced hard copy final invoice as part of the documentation required for all import and export transactions. 

It said that the supplier’s/seller’s invoice must be submitted in electronic format and authenticated by the authorised dealer bank as part of the documentation for payment.

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