Regulatory Alerts2021-05-05 | TED/FEM/PUB/FPC/01/004Added · Updated
Re:Introduction Of CBN's "Naira For Dollar Scheme"
The Central Bank of Nigeria announces the continuation of the "Naira 4 Dollar Scheme" for diaspora remittances, which was originally set to end on May 8, 2021. The scheme incentivizes recipients of international money transfers to collect their funds in foreign currency rather than naira. All operational aspects of the program remain unchanged.
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