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  1. CBN Mandates Nigerian Banks to Pay Diaspora Transfers in Naira

    Nigeria CBN Mandates Nigerian Banks to Pay Diaspora Transfers in Naira

    In response to the Central Bank of Nigeria's recent directive limiting International Money Transfer Operators (IMTOs) to inbound transfers only, IMTOs have ceased dollar transfers to Nigerians, now opting to pay in naira. The CBN's move, aimed at liberalizing the foreign exchange market and...
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