Home | Pages
UPLOAD SONG | ADVERTISE | CONTACT US
« Wizkid’s ‘Ojuelegba’ My Favourite Song – Grammy’s Best New Artist, Victoria Monet Says | Niger Gov Bans Bulk Sale Of Food Items, Orders Confiscation Of Trucks Carrying Foodstuff (Video) »
Posted by Lawal Munirst on February 10, 2024 0
The Naira will now serve as the currency for international transfers facilitated by international money transfer operators (IMTOs).
This is in line with the recent directives from the Central Bank of Nigeria, CBN.
A recent notice from Ecobank Nigeria said several IMTOs including Western Union, MoneyGram, Rapidtransfer, Ria, and other IMTOs approved by the Central Bank of Nigeria have been affected.
The Ecobank Nigeria notice read: “We would like to bring to your attention recent regulatory changes affecting international money transfers into Nigeria through Western Union, MoneyGram, Rapidtransfer, Ria, and other CBN-approved IMTOS.
“The Circular issued by the Central Bank of Nigeria (CBN) dated January 31, 2024, stipulates that ALL inbound money transfers to Nigeria (via the above-mentioned IMTOS) will be paid ONLY in Naira through a bank account or in cash at the prevailing rate in the Nigerian Foreign Exchange Market.”
Name
Email
Comment
Δ
Go Back To The Top