Nigerians can now collect disapora remittances in naira, says CBN
The Central Bank of Nigeria (CBN) has declared the inclusion of the naira, the country's legal tender, as a payout option for diaspora remittances.
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The Central Bank of Nigeria (CBN) has declared the inclusion of the naira, the country's legal tender, as a payout option for diaspora remittances.
The Central Bank of Nigeria (CBN) has announced the inclusion of the naira, the country’s legal tender, as a payout option for diaspora remittances.
July 13, 2023. Azonuchechi Chukwu. From the Central Bank of Nigeria (CBN) yesterday came a directive to International Money Transfer Operators (IMTOs): pay dollars received through Diaspora remittances to domestic beneficiaries in naira. A circular to banks, IMTOs and the public by CBN Director, Trade and Exchange Department, O.S Nnaji, listed 62 approved IMTOs to |
In a significant move, the Central Bank of Nigeria (CBN) has introduced the naira, the country's legal tender, as a payout option for diaspora
The Central Bank of Nigeria has announced Naira as a payout option for receipts of proceeds of international money transfers...