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Tag "Foreign exchange policy"

In major FX inflow drive, CBN to pay N5 bonus for every $1 of diaspora remittances

The Central Bank of Nigeria (CBN) has introduced a “Naira 4 Dollar Scheme” — an incentive for senders and recipients of international money transfers. The apex bank said all recipients

We don’t fix forex rates, says CBN

The Central Bank of Nigeria (CBN) has released a statement to address allegations leveled against it on wrong foreign exchange purchase figures. The statement, which was signed by Isaac Okorafor,

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