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Diaspora Remittances

News

CBN pledges to address high charges on diaspora remittances

Governor, Central Bank of Nigeria (CBN), Dr. Olayemi Michael Cardoso, has pledged to look into the high charges on remittances inflow to Nigeria for a robust economy. The CBN Governor gave the assurances during a strategic meeting, led by Hon.…

NewsDirect
November 9, 2023

Money market

Diaspora Remittances: CBN directs Banks, IMTOs to sustain Naira4dollar scheme

By Kayode Tokede The Central Bank of Nigeria (CBN) has directed banks, International Money Transfer Operations (IMTOs) to indefinitely sustain its Naira 4-dollar scheme for diaspora remittances which was introduced a few months ago. This is to sustain the foreign…

NewsDirect
May 7, 2021