The Central Bank Governor, Godwin Emefiele, has urged exporters to repatriate export proceeds in order to boost foreign exchange inflow in the country. He spoke while making a presentation at Zenith’s Bank’s 2021 export seminar on Tuesday. Emefiele said, “We would also like to urge existing exporters, that they endeavor …
Read More »CBN Sanctions Exporters with Unrepatriated Export Proceeds from Banking Services
The Central Bank of Nigeria (CBN) has announced the prohibition of all Nigerian exporters who are yet to repatriate their export proceeds, from banking services effective from January 31, 2021. The apex bank has a standing policy that instructs exporters to repatriate exports within 90 days for oil and gas and 180 …
Read More »