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Thursday 6 May 2021

CBN extends ‘naira for dollar’ incentive scheme on diaspora remittances indefinitely

CBN extends ‘naira for dollar’ incentive scheme on diaspora remittances indefinitely: In the March 6, 2021 circular, the regulatory bank said it shall; “through commercial banks, pay to remittance recipients the incentive of N5 for every USD1 remitted by the sender and collected by the designated beneficiary.

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