2023-08-10 | TED/FEM/PUB/FPC/001/006

Re: Payout Option in Naira for Receipt of Proceeds of Diaspora Remittances

The Central Bank of Nigeria sets a limit for the allowable range of the Naira payout option for diaspora remittances, which is set at +/- 2.5% of the previous day's Investors' and Exporters' window average rate. Banks and International Money Transfer Operators must comply with this stipulated range. This directive is communicated to authorized dealers, International Money Transfer Operators, and the general public.

Nigeria

Central Bank of Nigeria

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