FOREX: The Central Bank of Nigeria will Give N5 for Every $1 in Race for Remittance Inflow Share

The Central Bank of Nigeria (CBN) has announced that Nigerians will get N5 for every dollar they receive as remittance from abroad. Dubbed the “Naira 4 Dollar” Scheme, the CBN explained that the new scheme is an incentive to encourage the inflow of diaspora remittance in the country. This new scheme comes just months after … Continue reading FOREX: The Central Bank of Nigeria will Give N5 for Every $1 in Race for Remittance Inflow Share