CBN Grants Oil Firms Full Access To Export Forex Proceeds

Leadership | 26-03-2026 10:12pm |

The Central Bank of Nigeria (CBN) has approved the full repatriation of export proceeds by international oil companies (IOCs), allowing them to access 100 per cent of their foreign exchange earnings through authorised dealer banks. The directive was conveyed in a circular issued by the apex bank’s Trade and Exchange Department on Wednesday, underscoring ongoing

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