CBN to banks: Champion diaspora products, cut remittance costs

By Chinwendu Obienyi Governor, Central Bank of Nigeria (CBN), Olayemi Cardoso, has called on commercial banks to take full ownership of diaspora-focused financial products and services. He also urged them to play a more proactive role in reducing the high cost of remittances into the country, describing the average 7 percent remittance fee to Nigeria [...]The post CBN to banks: Champion diaspora products, cut remittance costs appeared first on The Sun Nigeria.

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