2023-06-16 | TED/FEM/FPC/PUB/001/003

Operational Framework for eNaira Payment Option to Recipients of Diaspora Remittances

The Central Bank of Nigeria (CBN) announces that recipients of diaspora remittances can now choose to receive their funds in eNaira, the country's digital currency. IMTOs (International Money Transfer Operators) facilitating these transactions are required to apply for a one-time "No Objection" approval from the CBN to enable eNaira payouts. This new framework aims to liberalize the payout process for diaspora remittances and promote the adoption of eNaira as a viable payment option.

Nigeria

Central Bank of Nigeria

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