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IMTOs to pay out proceeds using I&E window rate –CBN – The Sun Nigeria

IMTOs to pay out proceeds using I&E window rate –CBN – The Sun Nigeria
sunnewsonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sunnewsonline.com Daily Mail and Mail on Sunday newspapers.

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CBN directs payment of dollar receipts in naira

July 13, 2023. Azonuchechi Chukwu. From the Central Bank of Nigeria (CBN) yesterday came a directive to International Money Transfer Operators (IMTOs): pay dollars received through Diaspora remittances to domestic beneficiaries in naira. A circular to banks, IMTOs and the public by CBN Director, Trade and Exchange Department, O.S Nnaji, listed 62 approved IMTOs to | ....

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