The Central Bank of Nigeria says measures have been implemented to allow eligible international money transfer operators access naira liquidity at the official window.
They are also part of the regulator’s commitment to the smooth functioning of the foreign exchange markets and enabling greater remittance flows through formal channels, according to the circular. Stipulating rules to guide the process and enable compliance, the CBN said “same day settlement” will be available for transactions executed “before 12 noon on a trading date”.
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