CBN grants IOCs approval to sell 50% repatriated export proceeds – The Sun Nigeria sunnewsonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sunnewsonline.com Daily Mail and Mail on Sunday newspapers.
The CBN has announced that international oil companies can sell their retained 50 per cent of repatriated export proceeds in the Nigerian Foreign Exchange Market.
CBN Allows IOCs to Sell Approved FX Dealers 50% of the Earnings from Exports that are Repatriated thenews-chronicle.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews-chronicle.com Daily Mail and Mail on Sunday newspapers.
International Oil Companies (IOCs) can sell 50% balance of their repatriated export proceeds to authorized forex dealers, the Central Bank of Nigeria (CBN), has announced. This is according to a circular on Friday signed by director, trade and exchange department, W.J. Kanya. On February 14, CBN placed limits on the…