
Central Bank of Nigeria
New Measures to Enhance Local Currency Liquidity for Settlement of Diaspora Remittances
- Author
- Central Bank of Nigeria
- Year
- 2024
- Pages
- 2 pages
This circular introduces measures allowing eligible International Money Transfer Operators to access CBN-provided Naira liquidity directly or through Authorized Dealer Banks for foreign exchange transactions supporting diaspora remittance settlement. It establishes same-day settlement for qualifying transactions, NAFEM-based pricing, mandatory daily regulatory returns containing source-of-funds information,…