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Tag: IOCs

CBN stops IOCs from repatriating...

CBN stops IOCs from repatriating 100% proceeds...

Planned divestment of IOCs should...

Planned divestment of IOCs should not impact...

CBN stops IOCs from repatriating 100% proceeds overseas

CBN stops IOCs from repatriating 100% proceeds overseas The Central Bank of Nigeria (CBN) has stopped international oil companies from repatriating 100% foreign exchange proceeds to their mother companies overseas at once. The apex bank said international oil companies can repatriate 50% of their proceeds in the first instance and then the other half after 90 days. The Director of Trade and Exchange Department at the apex bank, Hassan Mahmud, made this known in a circular dated February 14, 2024. READ ALSO: NNPC, CBN strengthen alliance for effortless commercial ventures The CBN said it observed...
Neptune Prime -
Business & Economy

CBN stops IOCs...

CBN stops IOCs from repatriating 100% proceeds overseas The Central Bank of Nigeria (CBN) has stopped international oil companies from repatriating 100% foreign exchange proceeds...
Neptune Prime -
Energy & Power

Planned divestment of...

Planned divestment of IOCs should not impact tax remittance to FG - NCDMB boss The executive secretary of the Nigerian Content Development and Monitoring Board...
Gift Luckson -
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