CBN extends Naira-4-Dollar scheme indefinitely

The Central Bank of Nigeria, CBN, said it has extended its Naira-4-Dollar scheme until further notice.

The apex bank disclosed this in a circular titled: “Re: Introduction of the ’s “Naira 4 Dollar Scheme” for Diaspora Remittances.”

The circular, signed by Director, Trade and Exchange Department, CBN, Saleh Jibrin, stated: “Further to the Circular referenced TED/FEM/PUB/FPC/01/003 dated 05 March 2021 on the above subject matter, which was originally scheduled to end on May 8, 2021, we hereby announce the continuation of the scheme until further notice.”

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