CBN To Reward Diaspora Remittances N5 For Every $1 Received
LAGOS MARCH 7TH (NEWSRANGERS)-To sustain and further boost inflows of diaspora remittances into the country, the Central Bank of Nigeria will pay recipients of diaspora remittances through CBN licensed IMTOs N5 for every $1 received as remittances inflow. In a Circular the apex bank announced the introduction of “CBN Naira 4 Dollar Scheme” as an…