Claudia Pincovski
09 Mar 2021 / 5 Min Read
The new scheme will allow recipients of diaspora remittances through CBN's money transfer operators to earn a rebate of N5 for every USD 1 received as remittance inflow.
The bank said the new FX policy will create a more transparent system of remittance administration. It noted that PwC forecasts suggest that Nigeria's remittance flows could reach USD 34.89 billion by 2023.
Claudia Pincovski
09 Mar 2021 / 5 Min Read
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