Tag: CBN Gives IOCs 100% Access to FX Earnings. How Will This Impact the Naira?

By Solomon Izevbekhai On March 25, 2026, the Central Bank of Nigeria did something quiet with loud implications.  It issued a circular scrapping the cash pooling requirement for International Oil Companies such as Shell, Chevron, ExxonMobil, TotalEnergies, and Eni (Agip), granting them full, unrestricted access to their foreign exchange earnings, thereby reducing dollar supply. If…