Nigeria embargoes Diaspora remittance’s withdrawal in Naira

  . Remittances now to be withdrawn in dollars – CBN The Nigeria’s apex bank, Central Bank of Nigeria (CBN), had announced  a new policy initiative, which would help to boost remittance inflows and foster an environment of faster, cheaper, and more convenient flow of remittances back to the country. The new policy which was unveiled by the Apex Bank on Monday, will become effective from Friday, 4th December, 2020. CBN Governor, Mr Godwin Emefiele who made the announcement while addressing stakeholders  in Abuja on Thursday said the new policy…

Read More