CBN mandates proof of investment for foreign capital repatriation, divestment

The Central Bank of Nigeria (CBN) has issued a new directive requiring foreign investors to provide concrete evidence of their investment transactions before repatriating funds or divesting their holdings. This move, aimed at enhancing transparency and accountability in Nigeria’s foreign investment sector, was announced in a circular signed by W. J. Kanya, acting director of [...]The post CBN mandates proof of investment for foreign capital repatriation, divestment appeared first on National Daily Newspaper.

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