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,

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

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.

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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