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Godwin Emefiele, CBN Governor. By Elizabeth Adegbesan The Central Bank of Nigeria, CBN, said it has extended its Naira 4 Dollar Scheme until further notice.
The apex bank disclosed this in a circular titled: “Re: Introduction of the CBN’s “Naira 4 Dollar Scheme’’, for Diaspora Remittances.”
The circular, signed by Director, Trade and Exchange Department, CBN, Saleh Jibrin stated: “Further to the CBN Circular referenced TED/FEM/PUB/FPC/01/003 dated 05 March 2021 on the above subject matter, which was originally scheduled to end on May 8, 2021, we hereby announce the continuation of the scheme until further notice.”
READ ALSO: CBN releases list of 47 approved IMTOs Recall, that in an effort to sustain the encouraging increase in inflows of diaspora remittances into the country, the CBN introduced the Naira 4 Dollar Scheme as an incentive for senders and recipients of International Money Transfers,