IMTOs to access Naira from CBN for settlement of diaspora remittances

Tribune Online
IMTOs to access Naira from CBN for settlement of diaspora remittances

IN a new measure aimed at enhancing local currency liquidity for settlement of diaspora remittances, the Central Bank of Nigeria (CBN) has said that International Money Transfer Operators (IMTOs) can henceforth access the CBN window directly or through their Authorized Dealer Banks (ADBs) to execute transactions for the sale of foreign exchange in the market. […]

IMTOs to access Naira from CBN for settlement of diaspora remittances
Tribune Online

​Tribune Online
IMTOs to access Naira from CBN for settlement of diaspora remittances
IN a new measure aimed at enhancing local currency liquidity for settlement of diaspora remittances, the Central Bank of Nigeria (CBN) has said that International Money Transfer Operators (IMTOs) can henceforth access the CBN window directly or through their Authorized Dealer Banks (ADBs) to execute transactions for the sale of foreign exchange in the market.
IMTOs to access Naira from CBN for settlement of diaspora remittances
Tribune Online