CBN Introduces ‘Naira 4 Dollar Scheme’ For Diaspora Remittances

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The Central Bank of Nigeria has introduced its ‘Naira 4 Dollar Scheme’ for diaspora remittances.

This was confirmed in a circular issued by the apex bank to all Deposit Money Banks (DMO) and International Money Transfer Operators (IMTO).

The memo, which was seen by Nairametrics, was dated March 5th, 2021 and signed by the Director, Trade and Exchange Department, A.S Jibrin.0fa95c5e 1ded 49d2 b762 57bb1e5ecf44

Details soon …

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