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Tag "International Money Transfers"

Again, CBN warns money transfer operators to stop paying diaspora remittances in naira

The Central Bank of Nigeria (CBN) has again warned international money transfer operators (IMTOs) and unlicensed companies to stop facilitating diaspora remittances into the country in naira. CBN, in a

You can’t receive foreign transfers in $, not anymore!

The Central Bank of Nigeria (CBN) has directed that all outbound international money transfers must be done in naira, while inbound international money transfers must be paid to beneficiaries in

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