Cash Pooling News Today

The CBN has announced that international oil companies can sell their retained 50 per cent of repatriated export proceeds in the Nigerian Foreign Exchange Market.

International oil corporations may now sell the remaining 50% of their repatriated export earnings with approval from the CBN to authorised dealers and users.

International Oil Companies (IOCs) can sell 50% balance of their repatriated export proceeds to authorized forex dealers, the Central Bank of Nigeria (CBN), has announced. This is according to a circular on Friday signed by director, trade and exchange department, W.J. Kanya. On February 14, CBN placed limits on the…

The Central Bank of Nigeria (CBN) has released the requirements for foreign currency cash pooling on behalf of International Oil Companies (IOCs) in Nigeria.   The apex bank made the requirements known in a circular dated February 14, 2024, signed by the Director of Trade and Exchange Department, Dr. Hassan Mahmud, and sent to all authorised dealer banks in the country.

Report of Independent Auditors To the management of Viessmann Group GmbH & Co. KG, Allendorf/Germany Qualified Opinion We have audited the...

On January 20, 2022, the OECD released the latest version of its OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations.

Citi Recognized as Best Global Bank for Liquidity Management by Global Finance Citigroup Inc. (NYSE: C) Citi has been named the Best Global Bank for Liquidity Management by Global Finance, for the second year in a row. The publication also named Citi as the Best Bank for Financial Institutions, named Citis Cash Pooling solution as best in the world, and granted a number of regional awards in Liquidity and Cash Management. Joseph D. Giarraputo, publisher and editorial director of Global Finance...