CBN removes cash Pooling requirement for IOCs

By Emma Ujah, Abuja Bureau Chief  THE Central Bank of Nigeria (CBN) has removed the Cash Pool requirement for export proceeds of International Oil Companies (IOCs). The decision was conveyed in a circular issued by the Director of Trade and Exchange of the bank, DrMusa Nakorji, yesterday.  It said the decision was “to further liberalise […] The post CBN removes cash Pooling requirement for IOCs appeared first on Vanguard News.

By Urowayino Jeremiah