- Nigerian banks have started the implementation of CBN’s new requirements for international money transfer operation
- Based on the new rule, commercial banks are now allowed to convert customers’ remittances from abroad to naira
- Also, CBN placed a ban on the dollar and other foreign currency payouts for international transactions received through IMTOs
Legit.ng journalist Dave Ibemere has over a decade of experience covering Tech, Energy, Stocks, Investments, and the Economy.
Nigerian banks have begun full implementation of the Central Bank of Nigeria’s revised guidelines on international money transfer operations in the country.
