Forex: CBN Removes Cash Pooling Requirement For IOCS

In a move aimed at liberalising and deepening the foreign exchange market in line with current market realities, the Central Bank of Nigeria has granted International Oil Companies (IOCS) unfettered access to their repatriated export proceeds. A CBN circular dated 25th March 2026, issued by Director, Trade and Exchange department Dr. Musa Nakorji, states that... The post Forex: CBN Removes Cash Pooling Requirement For IOCS appeared first on New Telegraph .

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