See CBN clarification on foreign exchange manual, gives order

  • The CBN has reemphasised its foreign investment rules for requiring documentation for divestment and repatriation
  • The released manual also provides clarification on the Certificate of Capital Importation and proof of local currency asset redemption
  • The latest directive aims to ensure transparency and bolster confidence among foreign investors

Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends

The Central Bank of Nigeria (CBN) has demanded transaction evidence for repatriation and divestment of foreign investments.