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CBN takes Steps to Establish Offshore Banking in Free Trade Zones

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CBN takes Steps to Establish Offshore Banking in Free Trade Zones

In a move geared towards encouraging investors to repatriate their profits from their enterprises, the Central Bank of Nigeria, or CBN, and the Free Trade Zone Authority, or FTZA, have started working to develop offshore banking in the zones in Nigeria.   Prof. Adesoji Adesugba, managing director of the Nigeria Export Processing Zone Authority, said
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