Nigeria’s Central Bank has removed the cash pooling requirement for International Oil Companies (IOCs), allowing the firms full access ...
Post-financial crisis, notional pooling was one of the tools that received increased interest as companies looked to optimize their internal cash sources. However, higher bank equity requirements and ...
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CBN removes cash pooling requirement for IOCs
THE Central Bank of Nigeria (CBN) has removed the Cash Pool requirement for export proceeds of International Oil Companies (IOCs).The decision was conveyed in a circular issued by the Director of ...
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