Nigeria’s central bank eased restrictions on the repatriation of foreign exchange proceeds by international oil firms, allowing them to use 50% of the repatriated funds for financial obligations. This adjustment follows a February directive that restricted these firms from repatriating 100% of their FX proceeds at once. Meanwhile, Nigeria is considering reintroducing a telecommunications tax, among other measures, to secure a USD 750 mln loan from the World Bank.