Summary And Indepth Analysis Of The CBN Naira For Dollar Scheme, By Peter C J Why are they willing to give you N5/$ for money you can send out and back in again without impacting the economy? Sounds like someone is Desperate to cover Erodded #ShareHoldersFunds, in this case, our National Cake! by PETER C J Mar 08, 2021 CBN NAIRA 4 DOLLAR PROMO ~ another failure-on-arrival policy? Nigerians woke up today to a new Promotional Scheme by the CBN on Foreign Exchange (Forex) Remittances from diaspora. In summary, if you receive $100 dollar from that Uncle abroad, CBN, through the receiving Commercial Bank, will pay you $100, and an additional N500 for your troubles, that's of course, if you get in the money through CBN Licenced International Money Transfer Operator (IMTO). According to the CBN, this is to encourage (Forex) inflow into the country.