NIGERIA — International Money Transfer Operators and banks in the country have halted the payment of dollars to their customers. Some banks on Friday informed their customers that they would no longer be able to receive dollars from family and friends in the diaspora. This followed the issuance of revised guidelines for International Money Transfer Operators by the Central Bank of Nigeria on January 31... punchng.com
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Sat Apr 12 2025 00:17:56 GMT+0000 (Coordinated Universal Time)
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International Money Transfer Operators have halted the payment of dollars to their Nigerian customers
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Published (Updated) on Saturday, February 10, 2024
• A bank customer has slumped and died after standing in a queue for long hours at a bank in Agbor, Delta State...
• SoftBank is planning to invest $40 billion in OpenAI according to CNBC's David Faber
• Bank of China keeps medium-term lending facility rate at 2 percent on 900 billion yuan ($124.26 billion)
• CBN begins the enforcement of cybercrime levy at 0.005 percent on all electronic transactions
• Huawei is gradually making an inroad into the Nigerian banking sector, a development that is becoming more worrisome, according to reports
• CBN directs all PoS providers to route transactions through an approved payment terminal
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