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CBN orders banks to Pay Customers Money Sent from Abroad In Naira Nigerian banks have started the implementation of CBN's new requirements for international money transfer operation Based on the new rule, commercial banks are now allowed to convert customers' remittances from abroad to naira Also, CBN placed a ban on the dollar and other foreign currency payouts for international transactions received through IMTOs https://www.legit.ng/business-economy/money/1577735-come-passport-nigerian-bank-announces-internation-money-transfer-operation/