Post by AOJ (@OsobaseAOJ)

The policy will address the long-standing issue of diversion.

The policy will eliminate bottlenecks, exclusivity, and monopolistic tendencies previously associated with remittance proceeds.

It will create a centralized framework for remittance proceeds, enhancing the Central Bank of Nigeria’s oversight while boosting foreign exchange liquidity to support naira stability.
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https://dailypost.ng/2026/03/28/what-cbns-new-policy-on-diaspora-remittances-means-for-naira-to-dollar-exchange-gwadabe/

The policy will address the long-standing issue of diversion. The policy will eliminate bottlenecks...

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AOJ: It is expected to improve price discovery in the foreign exchange market, reduce information asymmetry between IMTSOs and banks, and encourage broader participation in the official market, particularly among bureaux de change operators.