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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 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) 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 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.
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.
Over 17 500 people have fled their homes in jihadist-hit Burkina Faso in the last 10 days after attacks that claimed at least 45 lives, the United Nations said Friday.
Last weekend’s Premier League clash with Liverpool had to be postponed due to protests in and around Old Trafford against the Glazer family’s ownership of the club and their recent involvement in plans for a European Super League.
Archbishop of Abuja Catholic Archdiocese, Most Rev. Ignatius Kaigama, on Friday, reminded catholic priests of their operational law that forbids them from being involved in partisan politics.
The Economic and Financial Crimes Commission has been described by the Federal Bureau of Investigation as a critical partner in the global fight against organized crime and corruption.
Super Falcons captain Asisat Oshoala can’t wait to see the team participate in the 2021 Summer Series in the United States of America.
England’s chances of winning the Euro 2020 tournament this year have been boosted by the success of the Premier League clubs in the Champions League and Europa League, says Harry Kane.
Britain's ruling Conservative Party won a new seat in parliament on Friday, sweeping aside the incumbent Labour Party with a victory in the northern English town of Hartlepool that tightens its grip on traditional Labour-voting areas.
If you look across the Premier League, you’d be flat out to find a player in top form like Leicester City frontman Kelechi Ihenacho. He’s burst onto the scene over the last month for the Foxes, playing a key part in the side’s Champions League hopes.
Next month’s opening 2022 World Cup qualifiers for Africa are set to be delayed because a host of stadiums lack Confederation of African Football approval, sources told AFP on Tuesday.
The third child of the General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adejare Adeboye, Pastor Dare Adeboye, is dead.