FOREIGN EXCHANGE (MONITORING AND MISCELLANEOUS PROVISIONS) ACT

Section 27: Export of goods and services

1995Section 27 of 42Federal Republic of Nigeria

A person may export goods or services from Nigeria if-(a) the goods or services are not prohibited by law in Nigeria;
(b) payment for the goods or services is made by means of letter of credit or any other internationally acceptable mode for payments; and
(c) the amount of the payment made or to be made is such as to represent a fair return for the goods or services.

Cite this section

Section 27, FOREIGN EXCHANGE (MONITORING AND MISCELLANEOUS PROVISIONS) ACT (1995).

https://repo.podus.ai/laws/foreign-exchange-monitoring-and-miscellaneous-provisions-act/section/27/