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The Association of Bureaux De Change Operators of Nigeria has appealed to the Central Bank of Nigeria to make Bureaux De Change operators payout agents for diaspora remittances.
The President, ABCON, Alhaji Aminu Gwadabe, said the apex bank should leverage the over 5,000 licensed BDCs across the country to get dollars seamlessly to beneficiaries.
He said this in a statement on Sunday titled ‘ABCON asks CBN to make BDCs payout agents for diaspora remittances’.
Gwadabe said this would help in providing a more convenient channel for Nigerians in the diaspora to remit funds back to the country to boost economic development.
By Lydia Ngwakwe
Lagos, Dec. 25, 2020 The Association of Licensed Mobile Payments Operators (ALMPO) has appealed to the Central Bank of Nigeria (CBN) to reconsider its position and re-allow Naira payments in cash into accounts or wallets.
The ALMPO Chairman, Mr Jay Alabrabra, told the News Agency of Nigeria (NAN) in Lagos on Friday that the apex bank’s decision to restrict international remittances to USD payouts only was of great concern to Nigerians.
“The CBN’s decision to restrict international remittances to USD payouts only is the overarching concern of everyone.
“It certainly limits the number of Nigerian citizens that can conveniently access funds sent from the diaspora.
How Will Nigerians Spend $451 Million Bitcoin Cryptocurrency in 2021? By Wayan Vota on December 23, 2020
Paxful, a leading peer-to-peer bitcoin marketplace, reports that Nigeria is now has the world’s second largest Bitcoin trading volume. Nigerians have traded 60,215 Bitcoins in the last five years, or more than $566 million USD.
Bitcoin trading volume was already growing at 20% per year. Then 2020 happened and created a 30% trading spike, with over 20,500 coins traded, or $451 million USD in this year alone. Obviously, COVID-19 pandemic response fulled interest in cryptocurrencies. Yet that isn’t the full reason that Paxful reported a 137% increase in new registrations in Nigeria this year.