CBN Approves eNaira As Payment Option For Diaspora Remittance   The Central Bank of Nigeria (CBN) has announced the introduction of its digital currency known as the eNaira as a payment option to recipients of diaspora remittance. The apex bank said the move was in furtherance of...

CBN Tackles Recalcitrant IMTOs Over Diaspora Remittances         The Central Bank of Nigeria (CBN) has expressed displeasure that some International Money Transfer Operators (IMTOs) continue to pay remittances in local currency contrary to its recent policy that granted unfettered access to forex from Diaspora and other...

CBN Issues New Directives On Foreign Currency Payment Of Diaspora Remittance         The Central Bank of Nigeria CBN) has issued fresh directives to International Money Transfer Operators (IMTOs) on foreign currency payment in cash to beneficiaries of diaspora remittances. The fresh directives follow the new rules unveiled...

CBN Boosts Dollar Supply With New Rules On Domiciliary Accounts, Remittance         In an apparent move to boost dollar supply into the economy, the Central Bank of Nigeria (CBN) yesterday introduced new rules that allow beneficiaries of diaspora remittance and transfers into domiciliary accounts to receive...