In an effort to tackle mobile number related fraud and strengthen digital security across sectors, …
Read More »CBN cancels collection of diaspora remittances in dollars
Starting May 1, 2026, recipients of diaspora remittances will no longer collect money sent to them in dollars or other foreign currency, but only in Naira. The apex bank issued a directive on Wednesday asking all International Money Transfer Organizations (IMTOs) to open naira settlement accounts to implement this new order. With this, the operator will then route all remittance …
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