The Journal seeks to become the most reliable, first-choice Pan-Nigerian information and public knowledge platform. The Journal Nigeria is a serious Journalism from an African Worldview
The Journal seeks to become the most reliable, first-choice Pan-Nigerian information and public knowledge platform. The Journal Nigeria is a serious Journalism from an African Worldview
The Central Bank of Nigeria (CBN) has ordered that all international money transfers be paid out exclusively in Naira starting May 1, 2026. In a directive issued on Wednesday, the apex bank stripped beneficiaries of the option to receive foreign currency directly from International Money Transfer Operators (IMTOs). Instead, all incoming funds must be converted…
The Central Bank of Nigeria has directed all International Money Transfer Operators in the country to open and maintain dedicated naira settlement accounts with authorised dealer banks, in a move designed to tighten regulatory oversight of diaspora remittances and improve transparency across the foreign exchange market. The directive was contained in a circular dated March…