Alert: Central Bank of Nigeria Circular TED/FEM/PUB/FPC/001/006
Title: Re: Payout Option in Naira for Receipt of Proceeds of Diaspora Remittances
Summary: Financial institutions are requested to implement a payout option in Naira for receipts of proceeds of diaspora remittances, with an allowable limit of -2.5% to +2.5% of the Investors' and Exporters' Window average rate of the previous day as the anchor rate. All banks and International Money Transfer Operators must adhere to these limits.
Posted on: Thursday, August 10, 2023
Download: TED/FEM/PUB/FPC/001/006