NEWS: CBN Declares No More Extensions for Export Proceeds Compliance

CBN Declares No More Extensions for Export Proceeds Compliance

The Central Bank of Nigeria (CBN) says no more timeline extension for the repatriation of export proceedsIn a new circular, the apex bank suspended all approvals for extensions and directed banks to ensure compliance from exportersThe proceeds from non-oil exports must be repatriated within 180 days, and oil and gas exports proceeds within 90 days

Henzodaily.ng journalist Ruth Okwumbu-Imafidon has over a decade of experience in business reporting across digital and mainstream media.

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