2017-10-27 | TED/FEM/FPC/GEN/01/013

Re: Repatriation of Export Proceeds (Oil and Non-Oil)

The Trade and Exchange Department circulates a reminder to authorized dealers and the general public about the repatriation of export proceeds for oil and non-oil exports. Exporters who fail to repatriate their proceeds within 90 days for oil and gas or 180 days for non-oil exports are in breach of regulations and will face consequences, including being barred from accessing banking services and the foreign exchange market. This reminder reinforces the regulations set out in the February 19, 2015 circular.

Nigeria

Central Bank of Nigeria

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