The Central Bank of Nigeria's decision to allow International Oil Companies (IOCs) to resume selling their dollars to banks has resulted in a significant financial benefit for these companies. The move aims to inject dollar liquidity into the Investors & Exporters window and enables IOCs to sell their dollars at a rate over 60 percent weaker than the previous rate. This means they will receive more Naira for their dollar earnings. The decision not only benefits the IOCs but also improves dollar liquidity in the Investors & Exporters window, which is crucial for attracting foreign investors back to Nigeria. The change in policy is seen as a relief for the IOCs, who can now obtain more favorable rates for their dollar earnings. The current acting governor of the CBN, Folashodun Shonubi, has been reversing the policies of the suspended Governor Godwin Emefiele to deliver the promised monetary policy overhaul. The focus now is on increasing dollar supply to alleviate pressure on the Naira, which experienced a significant devaluation following the recent currency reform. The Naira saw a 1.2 percent gain at the Investors & Exporters window on Wednesday, with increased foreign exchange turnover. Previously, IOCs were mandated to sell their dollars exclusively to the CBN at an artificially strong official rate, leading to a scarcity of dollars in the market and undermining investor confidence. Undoing such policies is seen as crucial for Nigeria's economic recovery.