foreign currency payment

Breaking: CBN issues fresh directives on foreign currency payment of diaspora remittance

Breaking: CBN issues fresh directives on foreign currency payment of diaspora remittance

By Babajide Komolafe 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 by the Apex bank on Monday which allow beneficiaries of diaspora remittances to collect the proceeds as […]