CBN Orders Banks, IMTOs To Pay Diaspora Remittances In Naira

Independentng | 26-06-2024 05:45pm |

LAGOS – In a move aimed at smoothing the functioning of the foreign exchange market and enabling greater remittance flows through formal channels, the Central Bank of Nigeria (CBN) has issued new measures to boost naira liquidity and raise diaspora remittances. The CBN disclosed this in a circular dated June 24, 2024, and signed by [...]

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