How Export Proceeds Repatriation Works in Nigeria Explained
16 October 2026 - Naira BriefingWhen a Nigerian business exports, the dollars it earns must be brought back — repatriated — through the banking system within set timelines. Getting this right keeps you compliant and decides how much naira you keep, through the exchange rate at conversion.
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How it works
- You export and invoice — in dollars or another currency.
- Proceeds come back — through your bank, within the required window.
- Conversion — dollars sold for naira, or held where allowed.
Why the conversion matters
Compliance is one half; the rate you convert at is the other — a poor rate quietly shaves your margin. This pairs with registering as an exporter and forward contracts for exporters. Keep clean records, and compare the naira you actually receive.
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