Repatriation of income

The Foreign Exchange (Monitoring and Miscellaneous Provisions) Act Cap F34, Laws of the Federation of Nigeria, guarantees unconditional transferability or repatriation of all foreign currency imported into Nigeria through an Authorized Dealer in freely convertible currency.

Capital importation without seizure is guaranteed to foreign investors, including 100% repatriation relating to dividends or profits (net of taxes) attributable to the investment; payments in respect of loan servicing where a foreign loan has been obtained; and the remittance of proceeds (net of all taxes) and other obligations in the event of sale or liquidation of the enterprise or any interest attributable to the investment.