New CBN rules allow beneficiaries to withdraw funds in USD to boost formal remittances to Nigeria December 6, 2020/Aetoswire (BUSINESS WIRE)– WorldRemit, a leading digital cross-border payments business has announced that its customers in Nigeria can now receive remittances in foreign currency (USD) through its cash pick up providers. Following the […]

December 4, 2020/Cowry Asset Report We commend the CBN on this strategic move which we expect will further boost foreign currency supply in the country –especially at the parallel (“black”) market. CBN’s expected monthly inflow from diaspora remittances is USD2 billion. With the beneficiaries receiving their monies in foreign currency, […]

December 4, 2020/CBN Being Remarks by the Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, CON on Improving Remittance Inflows into Nigeria held Thursday, December 3, 2020 (Protocols) Over the past few days, the Central Bank of Nigeria (CBN) has announced new policy measures in the country’s remittance programme, […]