International Money Transfer Operators and banks in the country have halted the payment of dollars to their customers. Some banks on Friday informed their customers that they would no longer be able to receive dollars from family and friends in the diaspora. This followed the issuance of revised guidelines for International Money Transfer Operators by the Central Bank of Nigeria on January 31. Ecobank Nigeria, one of the banks that have started to comply with CBN directive, in a notice to customers on its international money transfer operations, said, “We…
Read MoreBanks, IMTOs To pay Dollars, Other Diaspora Remittances In Naira
