Page 21 - உற்பத்தியாளர்கள் சங்கம் ஆஃப் நைஜீரியா News Today : Breaking News, Live Updates & Top Stories | Vimarsana

CBNIndustrialists and Manufacturers on Monday said the Naira 4 Dollar Scheme, an initiative by the Central Bank of Nigeria to encourage diaspora remittances would help stabilize the forex situation of the country. They made the assertion in separate interviews with the News Agency of Nigeria (NAN) on Monday in Lagos. x NAN reports that the CBN in a circular dated March 5, 2021, directed all Deposit Money Banks and International Money Transfer Operators (IMTO) to henceforth pay recipients of diaspora remittances N5 for every USD1 received as remittance inflow. Mr Segun Ajayi-Kadir, Director-General, Manufacturers Association of Nigeria (MAN) said the scheme was set against the backdrop of the forex squeeze aggravated by the fall in oil prices and the COVID-19 pandemic since the first quarter of 2020.

Segun ajayi kadirLagos chamberNews agency of nigeriaNigerian autonomous foreign exchange fixingCentral bankInternational money transfer operatorsManufacturers association of nigeriaNews agencyDeposit money banksManufacturers associationExport expansion grantForeign direct investmentsForeign portfolio investmentsசெகுங் அஜஇ கதிர்லாகோஸ் அறைநைஜீரியன் தன்னாட்சி வெளிநாட்டு பரிமாற்றம் சரிசெய்தல்