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Summary And Indepth Analysis Of The CBN Naira For Dollar Scheme, By Peter C J
Why are they willing to give you N5/$ for money you can send out and back in again without impacting the economy? Sounds like someone is Desperate to cover Erodded #ShareHoldersFunds, in this case, our National Cake!
by PETER C J
Mar 08, 2021
CBN NAIRA 4 DOLLAR PROMO
~ another failure-on-arrival policy?
Nigerians woke up today to a new Promotional Scheme by the CBN on Foreign Exchange (Forex) Remittances from diaspora. In summary, if you receive $100 dollar from that Uncle abroad, CBN, through the receiving Commercial Bank, will pay you $100, and an additional N500 for your troubles, that s of course, if you get in the money through CBN Licenced International Money Transfer Operator (IMTO). According to the CBN, this is to encourage  (Forex) inflow into the country. ....

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