CBN releases new guideline to enhance FX market, diaspora remittances

As part of efforts to strengthen the naira and boost diaspora remittances, the Central Bank of Nigeria (CBN) has introduced new measures on Monday, aimed at improving the efficiency of foreign exchange transactions. According to a circular issued by the CBN, eligible International Money Transfer Operators (IMTOs) will now have direct access to naira liquidity [...]The post CBN releases new guideline to enhance FX market, diaspora remittances appeared first on National Daily Newspaper.

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