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The Central Bank of Nigeria (CBN) has approved 10 additional international money transfer operators (IMTOs) to boost diaspora remittances.
The Central Bank of Nigeria has published a list of the international money transfer operators (IMTOs) approved for diaspora remittances.
The Central Bank of Nigeria (CBN) says it plans to double the Targeted Credit Facility (TCF) from the initial N149.21 billion to N300 billion following the resounding success recorded in the disbursement of the Covid-19 loans to the applicants.
Fidelity Bank has restated support for the Central Bank of Nigeria’s (CBN) efforts to engender sustainable economic development by improving Diaspora remittances and foreign exchange (FX) inflows into the country.
Chairman/CEO of Nigerians in Diaspora Commission (NiDCOM), Hon. Abike Dabiri-Erewa, has applauded the Central Bank of Nigeria on the introduction of ‘Naira 4 Dollar Scheme’ for diaspora remittances following its policy of remittance issuance in the currency of remittance.
The Association of Bureau De Change Operators of Nigeria (ABCON) on Monday said that a competitive Diaspora Remittance market space would engender Naira stability.
The Central Bank of Nigeria (CBN) has said that its new “CBN Naira 4 Dollar Scheme” which comes into effect on Monday is aimed at providing Nigerians abroad with cheaper and more convenient ways...
The Central Bank of Nigeria has explained that its new “Naira 4 Dollar Scheme” seeks to make remittance through formal bank channels cheaper and more convenient for Nigerians in the diaspora.
The Central Bank of Nigeria (CBN) on Saturday introduced a new incentive to encourage inflow of diaspora remittances.
The bank had in December 2020 directed that IMTOs and commercial banks in the country pay beneficiaries of diaspora remittances in foreign currencies, in a bid to deepen the foreign exchange market and create transparency in the administration of diaspora remittances into Nigeria.
The Central Bank of Nigeria (CBN) has instructed deposit money banks (DMBs) to close all naira accounts of international money transfer operators (IMTOs).
The Central Bank of Nigeria (CBN) has directed payment switching and processing companies to stop local currency transfer of diaspora remittances received through International Money Transfer Operators (IMTOs), with a threat to revoke licences of defaulting firms.
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 money transfer remittances.
The Central Bank of Nigeria (CBN) on Wednesday warned that Azimo and Transfer Wise are not licensed to operate as international money transfer operators (IMTOs).
The Central Bank of Nigeria has expressed displeasure towards some banks and international money transfer operators (IMTOs) that have, despite its recent directive, continued to pay remittances in local currency.
Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele said beneficiaries of diaspora remittances will now be paid in dollars from today, Friday, 4th December, 2020.
Despite an estimated annual diaspora remittance of $24 billion, international money transfer operators (IMTO) have been shortchanging recipients by delivering in local currency and using the hard currency to attack the naira.
The Governor of the Central Bank of Nigeria, Godwin Emefiele, on Thursday said the target of the CBN was for the country to attract about $2bn monthly as remittances from citizens in diaspora.
Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says deposit money banks will begin remittances from international money transfer operators (IMTOs) on Friday, December 4.
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Imo Government on Wednesday condoled with the family of Miss Divine Nwaneri, a first-year student of the Imo State University, who was killed by a stray bullet on April 24.
Lagos State Government says its World Bank-assisted Agro-Processing, Productivity Enhancement, Livelihood Improvement Support (APPEALS) Project will construct 13.16km Farm Access Roads (FARs) in four cluster areas.
Gov. Simon Lalong of Plateau, has expressed sadness over the death of the former Chief of Defence Staff, Lt. Gen. (Rtd.) Joshua Dogonyaro, at the age of 80.
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The last of three Abia State University Ututu (ABSU) students held hostage by abductors was set free Saturday evening.
Police in Ivory Coast have rescued 68 children working on cocoa farms, most of whom were trafficked from neighbouring Burkina Faso, authorities said.
The Coalition of United Political Parties (CUPP) has insisted that the recent Supreme Court judgement affirming the de-registration of 74 political parties is only binding on the National Unity Party (NUP).
The Kogi State Governor, Yahaya Bello, has announced the appointment of Peter Aliyu, a cleaner, as his Senior Special Assistant on Sanitation.