Removal of Cash Pooling Requirement for International Oil Companies (IOCs)

Central Bank of Nigeria Circular
Summary

Reverses the 2024 requirement for cash pooling of repatriated oil and gas export proceeds by international oil companies.

Applicability

International Oil Companies and their bankers.

Open Source Document ↗
Document Details
Date Issued
25 Mar 2026
Date Effective
25 Mar 2026
Compliance Deadline
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