BDC: CBN mandates sellers of $10,000 and above to declare sources
Feb. 24, 2024 The Central Bank of Nigeria (CBN) has mandated foreign exchange sellers to Bureau De Change (BDC) of the equivalent of 10,000 dollars and above to declare their…
CBN releases list of approved IMTOs
The Central Bank of Nigeria, CBN, has released a list of approved International Money Transfer Operators, IMTOs, in the country. The list of 47 IMTOs was contained in a statement…
FX inflow drive:Â CBN introduces ‘Naira 4 Dollar Scheme’ for diaspora remittancesÂ
The Central Bank of Nigeria (CBN) has introduced the ‘CBN Naira 4 Dollar Scheme’ in its bid to sustain the increase in inflows of diaspora remittances into the country. CBN…
Diaspora Remittances: Beneficiaries can now receive dollars through banks – CBNÂ
Beneficiaries of Diaspora remittances through the international money transfer operators (IMTOs) can now receive inflows in dollars through designated banks of their choice, a circular by the Central Bank of…