Latest Breaking News On - லண்டன் ஒன்றுபட்டது - Page 6 : comparemela.com

Advertisement Nigeria’s foreign exchange (FX) earnings suffered a sharp decline following the impact of COVID-19. This has forced the CBN to seek ways of improving the country’s FX earnings through diaspora remittances. In March, TheCable reported that CBN authorised a Advertisement IMTOs accept cash for the purpose of transmitting to persons resident in Nigeria or another country. They also carry out cross-border transfer services for personal purposes such as money transfer services towards family maintenance and money transfer services for foreign tourists visiting Nigeria. The CBN had announced that  beneficiaries of diaspora remittances through the IMTOs will have such inflows in foreign currency (US dollar) through the designated bank of their choice.

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