CBN Says Nigerians Can Now Collect Diaspora Remittances in Naira: Everything You Need to Know

In a significant move, the Central Bank of Nigeria (CBN) has introduced the naira, the country’s legal tender, as a payout option for diaspora remittances. This development offers recipients an additional choice alongside the existing options of receiving their proceeds in dollars or eNaira. The directive, outlined in a circular dated July 10, 2023, and... Read More