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8 hours ago
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The Central Bank of Nigeria (CBN) has directed all international money transfer operators (IMTOs) to open naira settlement accounts. The operators are to henceforth, route all remittance transactions through the naira settlement accounts. By this move, recipients of diaspora remittances will be paid in the local currency from May, ending decades of dollar payments to […]
read more CBN: IMTOs’ naira settlement for diaspora remittances deepens FX transparency, security
