The policy comes amid Nigeria’s forex crisis which has led to dollar shortages and have pushed the Naira to record lows. The Central Bank of Nigeria (CBN) has put a restriction on the amount of forex proceeds international oil companies (IOCs) can repatriate from Nigeria to their mother companies overseas.The apex bank in its bid to monitor the country’s forex market and also, boost dollar liquidity in the domestic market also directed IOCs operating in the country to fund their offshore accounts in two phases as the former repatriation policy impacted liquidity in the domestic foreign exchang…