Introduction of the CBN Naira 4 Dollar Scheme for Diaspora Remittances

Central Bank of Nigeria Circular
Summary

Introduces a naira incentive scheme rewarding recipients of diaspora remittances processed through IMTOs. A May 2021 circular subsequently clarified scheme operations.

Applicability

IMTOs, banks and diaspora remittance recipients.

Open Source Document ↗
Document Details
Date Issued
06 Mar 2021
Date Effective
06 Mar 2021
Compliance Deadline
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