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Tag: Naira settlement

CBN Mandates IMTOs to Route Remittances Through Naira Settlement Accounts
  • by Julia Bekker
  • 26 Mar 2026
  • 11 Comments

CBN Mandates IMTOs to Route Remittances Through Naira Settlement Accounts

The Central Bank of Nigeria mandates IMTOs to route remittances through naira settlement accounts by May 2026, aiming to boost transparency and stabilize the forex market amid fluctuating inflows.

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