Tag: Global cross-border payment company

Global cross-border payment company, WorldRemit, has said it would continue to reward customers who receive international money transfers through its partner banks in Nigeria. The promise is in line with the extension of the Central Bank of Nigeria’s (CBN) Naira for Dollar Scheme. The scheme, which was launched on March 8, 2021, will run indefinitely following a notice released by the apex bank. The Naira 4 Dollar scheme was launched as a strategy to increase diaspora remittances and discourage the use of informal routes. The CBN believes this incentive will improve FX inflows and boost liquidity in the foreign exchange market. Country Manager for Nigeria and Ghana at WorldRemit, Gbenga Okejimi, said: “The CBN’s decision to extend the scheme is indeed a development we will co...