Central bank threatens firms over diaspora remittances in local currency

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The Central Bank of Nigeria (CBN) has directed payment switching and processing companies to stop local currency transfer of diaspora remittances received through International Money Transfer Operators (IMTOs), with a threat to revoke licences of defaulting firms.

The post Central bank threatens firms over diaspora remittances in local currency appeared first on TODAY.

Posted by Dayoung on Thursday, 17 December 2020 - Rating: 4.8

Title : Central bank threatens firms over diaspora remittances in local currency
Description : The Central Bank of Nigeria (CBN) has directed payment switching and processing companies to stop local currency transfer of diaspora remitt...

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