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Nairaland Forum / Nairaland / General / Business / Share Your Experience On CBN Form Q For SME (955 Views)
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Share Your Experience On CBN Form Q For SME by Teewhy2: 2:54pm On Dec 09, 2021 |
firstly the below are what we need to know about CBN Form Q
Many of the SME closed people that I know have always said it is a good window to get FX to their suppliers due to the rate but the frustrating thing is that the banks always delay in completing the process. A friend told me that through GTB it took him 9 weeks before they paid his supplier, while another friend who submitted recently said the relationship manager in GTB said he should put his mind in 12-16 weeks. I would want to find out if this is the same with other banks or just GTB, as this time difference affects a lot in business. I called CBN customer care and I was informed that it depends on individual bank and their liquidity, I was made to know that you will need to let them know that your purchase is important so they can process it on time. I would appreciate if other entrepreneurs that have process this Form Q can share their experience so that we can learn. 5 Likes |
Re: Share Your Experience On CBN Form Q For SME by Teewhy2: 9:52am On Dec 10, 2021 |
puskin, naijacutee, FOD, dominique help to push to front page for us to know people experiences about getting forex for SME |
Re: Share Your Experience On CBN Form Q For SME by Teewhy2: 1:12pm On Dec 15, 2021 |
Oga Seun Do you have idea about what the duration it should take to get Forex through Form Q |
Re: Share Your Experience On CBN Form Q For SME by hibrahim(m): 12:12pm On Nov 07, 2023 |
I went to the bank to process form Q and I was to bring a product certificate among other documents. Please can any one illuminate me on how to process the product certificate? I intend to bring in hand bracelet from Alibaba |
Re: Share Your Experience On CBN Form Q For SME by Teewhy2: 10:53am On Nov 20, 2023 |
hibrahim: I wasn't asked when I applied but believe you can get it from your supplier on Alibaba. Chat them or email the company that you need the product certificate as it's one of the requirements to make payment from your country. They will actually give you a copy if it's available, most of them are actually supportive and they also want to sell their products. You can ask from more than one supplier. |
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