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Tag: Repatriating 100% proceeds

CBN stops IOCs from repatriating...

CBN stops IOCs from repatriating 100% proceeds...

CBN stops IOCs from repatriating 100% proceeds overseas

CBN stops IOCs from repatriating 100% proceeds overseasThe 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 venturesThe CBN said it observed...

CBN stops IOCs...

CBN stops IOCs from repatriating 100% proceeds overseasThe Central Bank of Nigeria (CBN) has stopped international oil companies from repatriating 100% foreign exchange proceeds...
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