Tag: Naira Liquidity
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CBN Announces Policies to Boost Naira Liquidity for Foreign Remittance
The Central Bank of Nigeria (CBN) has unveiled a set of new measures aimed at enhancing local currency liquidity for the settlement of diaspora remittances. The key points from the circular dated June 24, 2024, are highlighted below: Note: IMTOs can now access Naira liquidity directly from the CBN or through their authorized dealer banks.…