Nigeria: CBN to sanction non-repatriation of export resources to strengthen local currency

Nigeria: CBN to sanction non-repatriation of export resources to strengthen local currency

Nigeria: CBN to sanction non-repatriation of export resources to strengthen local currency

The Central Bank of Nigeria says it will go tough on exporters over the non-repatriation of export revenues to strengthen the local currency.

Under this measure, exporters who will not repatriate the money they make from their activities within the next six days will simply be withdrawn from all banking services.

For more information, please see https://www.ecofinagency.com/public-management/2501-42277-nigeria-cbn-to-sanction-non-repatriation-of-export-resources-to-strengthen-local-currency

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