The Central Bank of Nigeria has issued guidelines for the RT200 scheme, which entails the apex bank paying N65 for every US$1 repatriated and sold at the Investors and Exporters Window: “N65 for every US$1 repatriated and sold at the I&E Window to Authorised Dealer Banks (ADBs) for other thirty party use, and N35 for every US$1 repatriated and sold into I&E for own use on eligible transactions only. However, the spread should not be more than 10 Kobo.”
The Central Bank of Nigeria has issued guidelines for the RT200 scheme, which entails the apex bank paying N65 for every US$1 repatriated and sold at the Investors and Exporters Window: “N65 for every US$1 repatriated and sold at the I&E Window to Authorised Dealer Banks (ADBs) for other thirty party use, and N35 for every US$1 repatriated and sold into I&E for own use on eligible transactions only. However, the spread should not be more than 10 Kobo.”
