Requirements for Foreign Currency Cash Pooling on behalf of International Oil Companies (IOCs) in Nigeria

Central Bank of Nigeria Circular
Summary

Establishes requirements for foreign currency cash pooling arrangements for repatriated oil and gas export proceeds. Later removed by the March 2026 circular (cb-b4-07).

Applicability

International Oil Companies and their bankers.

Open Source Document ↗
Document Details
Date Issued
14 Feb 2024
Date Effective
14 Feb 2024
Compliance Deadline
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