Naira now currency for international transfers – Nigerian Bank

Ad Blocker Detected

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by disabling your ad blocker.

Always Visit www.NaijaCover.Com

Posted By Udokabestluv On February 9th, 2024


Naira will now be the currency for international transfers facilitated by international money transfer operators, IMTOs.

This is in line with the recent directives from the Central Bank of Nigeria, CBN.

Place Your Advert On NaijaCover – Click HERE

A recent notice from Ecobank Nigeria said several IMTOs including Western Union, MoneyGram, Rapidtransfer, Ria, and other IMTOs approved by the Central Bank of Nigeria have been affected.

The Ecobank Nigeria Notice Read:

“We would like to bring to your attention recent regulatory changes affecting international money transfers into Nigeria through Western Union, MoneyGram, Rapidtransfer, Ria, and other CBN-approved IMTOS.

“The Circular issued by the Central Bank of Nigeria (CBN) dated January 31, 2024, stipulates that ALL inbound money transfers to Nigeria (via the above-mentioned IMTOS) will be paid ONLY in Naira through a bank account or in cash at the prevailing rate in the Nigerian Foreign Exchange Market.”





(Visited 9 times, 1 visits today)

See How NaijaCover.Com Make Money From Blogging Business, CLICK HERE

CHECK IT OUT:  We Don’t Know The Quantities Of New Notes Printed – CBN

Discover more from NaijaCover.Com

Subscribe now to keep reading and get access to the full archive.

Continue reading