Naira Diaspora Remittances

CBN Directs IMTOs To Use I&E Window Rate To Convert Diaspora Remittances

Why CBN Fixed $1m As Capital Requirements For International Money Transfer Operators

Central Bank of Nigeria (CBN) has set the bar high for International Money Transfer Operators (IMTOs) with a fixed minimum share capital requirement of $1 million.

Emmanuel Ochayi

3 months ago

Business

CBN Directs IMTOs To Use I&E Window Rate To Convert Diaspora Remittances

International Money Transfer Operators (IMTO) have been directed by the Central Bank of Nigeria (CBN) to add naira and eNaira payout to diaspora remittances. In a circular released on Wednesday, titled; Payout

Fakoyejo Olalekan

10 months ago

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Naira Diaspora Remittances

Why CBN Fixed $1m As Capital Requirements For International Money Transfer Operators

CBN Directs IMTOs To Use I&E Window Rate To Convert Diaspora Remittances

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