Business

For cash pooling settlement, CBN clarifies education and gasoline tax.

today05/07/2024 4

Background
share close

Central Bank of Nigeria has provided additional clarifications on the circular concerning the cash pooling of repatriated oil and gas export proceeds by international oil companies.
This announcement was made by the Director of the Trade and Exchange Department, Hassan Mahmud on Tuesday
The apex bank specified the expenses that can be settled from 50 per cent of the repatriated fund, which includes petroleum tax, royalty, domestic contractor invoices, cash calls, domestic loan payments, interest payments, education tax, transaction tax, and forex sales in the Nigerian foreign exchange market.

Written by: bossgmsi

Rate it

Previous post

News

Russian Plot to Kill Zelensky Foiled

Ukrainian Security Service (SBU), has foiled a Russian plot to assassinate President Volodymyr Zelensky and other high-ranking Ukrainian officials as two Ukrainian government protection unit colonels have been arrested. The SBU head, Vasyl Malyuk said they were part of a network of agents belonging to the Russian State Security Service (FSB). Other targets included military intelligence head, Kyrylo Budanov and SBU Chief Vasyl Malyuk. According to Malyuk, the plotters had […]

today05/07/2024 3

Post comments (0)

Leave a reply

Your email address will not be published. Required fields are marked *

0%
Our customer support team is here to answer your questions.
error: Alert: Content is protected !!