CBN Mandates Naira Payouts for Diaspora Remittances to Strengthen Local Currency

In a strategic move to stabilize the naira and enhance remittance flows, the Central Bank of Nigeria (CBN) has directed banks and International Money Transfer Operators (IMTOs) to settle diaspora remittances in naira. This policy aims to boost local currency liquidity and ensure smooth remittance transactions. With this directive, IMTOs can access the CBN window directly or through Authorized Dealer Banks for foreign exchange transactions. Join us as we look into the implications of this policy with insights from Muktar Mohammed, CEO of Asheer Investments. Watch now for a comprehensive analysis! SUBSCRIBE to our YouTube channel:    / newscentraltvafrica   for more videos Follow News Central on: Facebook:   / newscentralafrica   Twitter:   / newscentraltv   Instagram:   / newscentraltv   LinkedIn:   / feed   Threads: https://www.threads.net/@newscentraltv TikTok:   / newscentraltv   For more content, go to: https://newscentral.africa #NewsCentral #Nigeria #Politics #AfricaFirst #Africa #News #WestAfrica #ECOWAS #Government #Governance