The Central Bank of Nigeria (CBN) has directed International Money Transfer Operators (IMTOs) to commence remittances pay-out in both Naira and foreign exchange to beneficiaries. The apex bank said the Investors and Exporters (I&E) window foreign exchange rate should be used in determining the exchange rate for Naira payouts. O.S Nnaji, CBN’s Director of Trade … Continue reading CBN Order Banks To Pay Dollar Receipts In Naira