{"id":24990,"date":"2020-05-11T13:49:19","date_gmt":"2020-05-11T13:49:19","guid":{"rendered":"https:\/\/www.africa-press.com\/nigeria\/?p=24990"},"modified":"2020-05-11T13:49:19","modified_gmt":"2020-05-11T13:49:19","slug":"cbn-assures-foreign-investors-of-ease-of-forex-repatriation","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/all-news\/cbn-assures-foreign-investors-of-ease-of-forex-repatriation","title":{"rendered":"CBN assures foreign investors of ease of forex repatriation"},"content":{"rendered":"

Africa Press-Nigeria:<\/p>\n

Foreign investors in Nigeria, interested in transferring their funds abroad, will not face hurdles in doing so despite the current economic condition, the Central Bank of Nigeria (CBN) has said.<\/p>\n

Godwin Emefiele, the CBN governor, gave the assurance in a statement in Abuja on Sunday, adding that the global oil crisis, which had triggered a considerable slump in crude prices, would not have adverse impact on the investment of foreigners in the country.<\/p>\n

The central bank had, according to him, deployed measures that will facilitate easy transfer of funds by investors willing to do so.<\/p>\n

\u201cThe foreign exchange available would be devoted to strategic importation or service obligations that are the priority.<\/p>\n

\u201cThe CBN, in collaboration with the Federal Ministry of Industry, Trade and Investment, is committed to galvanising the manufacturing sector in a bid to reset the economy,\u201d Mr Emefiele said.<\/p>\n

He cited the CBN intervention in a similar situation in 2015 around the time of the recession when the apex bank was able to meet its financial obligations to foreign investors.<\/p>\n

The CBN plans to commit a substantial part of its foreign exchange to strategic importation and service obligations of topmost importance.<\/p>\n

Emefiele affirmed<\/a>\u00a0the significance of collaboration between fiscal and monetary authorities to curtail the health and economic effects of the coronavirus pandemic, saying the CBN was working in synergy with banks, health sector manufacturers and other manufacturing groups to achieve this purpose.<\/p>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Africa Press-Nigeria: Foreign investors in Nigeria, interested in transferring their funds abroad, will not face hurdles in doing so despite the current economic condition, the Central Bank of Nigeria (CBN) has said. Godwin Emefiele, the CBN governor, gave the assurance in a statement in Abuja on Sunday, adding that the global oil crisis, which had […]<\/p>\n","protected":false},"author":62,"featured_media":3212,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[503,1108],"class_list":["post-24990","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-cbn"],"yoast_head":"\nCBN assures foreign investors of ease of forex repatriation - Nigeria<\/title>\n<meta name=\"description\" content=\"Africa Press-Nigeria:Foreign investors in Nigeria, interested in transferring their funds abroad, will not face hurdles in doing so despite the current\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/all-news\/cbn-assures-foreign-investors-of-ease-of-forex-repatriation\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBN assures foreign investors of ease of forex repatriation\" \/>\n<meta property=\"og:description\" content=\"Africa Press-Nigeria:Foreign investors in Nigeria, interested in transferring their funds abroad, will not face hurdles in doing so despite the current\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/all-news\/cbn-assures-foreign-investors-of-ease-of-forex-repatriation\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2020-05-11T13:49:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/upload\/sites\/3\/2019\/01\/CBN-1062x598.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1062\" \/>\n\t<meta property=\"og:image:height\" content=\"598\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"alico\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"alico\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/cbn-assures-foreign-investors-of-ease-of-forex-repatriation#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/cbn-assures-foreign-investors-of-ease-of-forex-repatriation\"},\"author\":{\"name\":\"alico\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/50afd2ef4f0e900bd0a176404a8484a7\"},\"headline\":\"CBN assures foreign investors of ease of forex repatriation\",\"datePublished\":\"2020-05-11T13:49:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/cbn-assures-foreign-investors-of-ease-of-forex-repatriation\"},\"wordCount\":246,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/cbn-assures-foreign-investors-of-ease-of-forex-repatriation#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/upload\/sites\/3\/2019\/01\/CBN-1062x598.jpg\",\"keywords\":[\"CBN\",\"economic growth\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/all-news\/cbn-assures-foreign-investors-of-ease-of-forex-repatriation#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/cbn-assures-foreign-investors-of-ease-of-forex-repatriation\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/cbn-assures-foreign-investors-of-ease-of-forex-repatriation\",\"name\":\"CBN assures foreign investors of ease of forex repatriation - Nigeria\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/cbn-assures-foreign-investors-of-ease-of-forex-repatriation#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/cbn-assures-foreign-investors-of-ease-of-forex-repatriation#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/upload\/sites\/3\/2019\/01\/CBN-1062x598.jpg\",\"datePublished\":\"2020-05-11T13:49:19+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/50afd2ef4f0e900bd0a176404a8484a7\"},\"description\":\"Africa Press-Nigeria:Foreign investors in Nigeria, interested in transferring their funds abroad, will not face hurdles in doing so despite the current\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/cbn-assures-foreign-investors-of-ease-of-forex-repatriation#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/all-news\/cbn-assures-foreign-investors-of-ease-of-forex-repatriation\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/cbn-assures-foreign-investors-of-ease-of-forex-repatriation#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/upload\/sites\/3\/2019\/01\/CBN-1062x598.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/upload\/sites\/3\/2019\/01\/CBN-1062x598.jpg\",\"width\":1062,\"height\":598},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/cbn-assures-foreign-investors-of-ease-of-forex-repatriation#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/nigeria\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"CBN assures foreign investors of ease of forex repatriation\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#website\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/\",\"name\":\"Africa Press | Nigeria | Homepage\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/nigeria\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/50afd2ef4f0e900bd0a176404a8484a7\",\"name\":\"alico\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/author\/alico\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"CBN assures foreign investors of ease of forex repatriation - Nigeria","description":"Africa Press-Nigeria:Foreign investors in Nigeria, interested in transferring their funds abroad, will not face hurdles in doing so despite the current","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/nigeria\/all-news\/cbn-assures-foreign-investors-of-ease-of-forex-repatriation","og_locale":"en_US","og_type":"article","og_title":"CBN assures foreign investors of ease of forex repatriation","og_description":"Africa Press-Nigeria:Foreign investors in Nigeria, interested in transferring their funds abroad, will not face hurdles in doing so despite the current","og_url":"https:\/\/www.africa-press.net\/nigeria\/all-news\/cbn-assures-foreign-investors-of-ease-of-forex-repatriation","og_site_name":"Nigeria","article_published_time":"2020-05-11T13:49:19+00:00","og_image":[{"width":1062,"height":598,"url":"https:\/\/static.africa-press.net\/upload\/sites\/3\/2019\/01\/CBN-1062x598.jpg","type":"image\/jpeg"}],"author":"alico","twitter_card":"summary_large_image","twitter_misc":{"Written by":"alico","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/nigeria\/all-news\/cbn-assures-foreign-investors-of-ease-of-forex-repatriation#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/nigeria\/all-news\/cbn-assures-foreign-investors-of-ease-of-forex-repatriation"},"author":{"name":"alico","@id":"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/50afd2ef4f0e900bd0a176404a8484a7"},"headline":"CBN assures foreign investors of ease of forex repatriation","datePublished":"2020-05-11T13:49:19+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/nigeria\/all-news\/cbn-assures-foreign-investors-of-ease-of-forex-repatriation"},"wordCount":246,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/nigeria\/all-news\/cbn-assures-foreign-investors-of-ease-of-forex-repatriation#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/upload\/sites\/3\/2019\/01\/CBN-1062x598.jpg","keywords":["CBN","economic growth"],"articleSection":["all news","Economy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/nigeria\/all-news\/cbn-assures-foreign-investors-of-ease-of-forex-repatriation#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/nigeria\/all-news\/cbn-assures-foreign-investors-of-ease-of-forex-repatriation","url":"https:\/\/www.africa-press.net\/nigeria\/all-news\/cbn-assures-foreign-investors-of-ease-of-forex-repatriation","name":"CBN assures foreign investors of ease of forex repatriation - Nigeria","isPartOf":{"@id":"https:\/\/www.africa-press.net\/nigeria\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/nigeria\/all-news\/cbn-assures-foreign-investors-of-ease-of-forex-repatriation#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/nigeria\/all-news\/cbn-assures-foreign-investors-of-ease-of-forex-repatriation#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/upload\/sites\/3\/2019\/01\/CBN-1062x598.jpg","datePublished":"2020-05-11T13:49:19+00:00","author":{"@id":"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/50afd2ef4f0e900bd0a176404a8484a7"},"description":"Africa Press-Nigeria:Foreign investors in Nigeria, interested in transferring their funds abroad, will not face hurdles in doing so despite the current","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/nigeria\/all-news\/cbn-assures-foreign-investors-of-ease-of-forex-repatriation#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/nigeria\/all-news\/cbn-assures-foreign-investors-of-ease-of-forex-repatriation"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/nigeria\/all-news\/cbn-assures-foreign-investors-of-ease-of-forex-repatriation#primaryimage","url":"https:\/\/static.africa-press.net\/upload\/sites\/3\/2019\/01\/CBN-1062x598.jpg","contentUrl":"https:\/\/static.africa-press.net\/upload\/sites\/3\/2019\/01\/CBN-1062x598.jpg","width":1062,"height":598},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/nigeria\/all-news\/cbn-assures-foreign-investors-of-ease-of-forex-repatriation#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/nigeria\/"},{"@type":"ListItem","position":2,"name":"CBN assures foreign investors of ease of forex repatriation"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/nigeria\/#website","url":"https:\/\/www.africa-press.net\/nigeria\/","name":"Africa Press | Nigeria | Homepage","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/nigeria\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/50afd2ef4f0e900bd0a176404a8484a7","name":"alico","url":"https:\/\/www.africa-press.net\/nigeria\/author\/alico"}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/posts\/24990","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/comments?post=24990"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/posts\/24990\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/media\/3212"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/media?parent=24990"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/categories?post=24990"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/tags?post=24990"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}