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Events / Regulatory / Nigeria allows full oil export repatriation
Regulatory policy change

Nigeria allows full oil export repatriation

Analysis based on 6 articles · First reported Mar 25, 2026 · Last updated Mar 26, 2026

Sentiment
60
Attention
4
Articles
6
Market Impact
General
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Market Impact

The new policy by the Nigeria — Central Bank of Nigeria is expected to significantly improve liquidity and stability in the Nigerian foreign exchange market. This move will ease operational constraints for International Oil Companies and is anticipated to strengthen confidence among foreign investors, potentially attracting sustained capital inflows into Nigeria.

Oil and Gas Financial Services
Event Summary

The Nigeria — Central Bank of Nigeria has approved a new policy allowing International Oil Companies to repatriate 100% of their foreign exchange export proceeds through authorized dealer banks. This decision, effective immediately, supersedes a 2024 framework that limited repatriation to 50% immediately, with the remaining 50% held for 90 days. The Nigeria — Central Bank of Nigeria, through its Trade and Exchange Department and signed by Musa Nakorji, stated that this reform aims to liberalize and deepen the Nigerian foreign exchange market, improving liquidity and stability. The move is expected to ease operational constraints for International Oil Companies and boost foreign investor confidence in Nigeria.

Entities Involved
per
Musa Nakorji
Musa Nakorji, as the Director of the Trade and Exchange Department at the Nigeria — Central Bank of Nigeria, signed the circular detailing the new policy.
Importance 10.0 Sentiment 0.0
cnt
Nigeria
Importance 0.0 Sentiment 0.0
cbnk
Nigeria — Central Bank of Nigeria
Importance 0.0 Sentiment 0.0
Relationships
Nigeria related ↔ Nigeria — Central Bank of Nigeria
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