Nigeria's naira-only remittance rule is cracking at four weeks
Recipients now absorb the bureau-de-change spread on every transfer.
Four weeks into the Central Bank’s May 1 directive that remittances pay out in naira only, the gap between the official and parallel rates is reasserting itself. Recipients are absorbing the bureau-de-change spread on each transfer, which quietly shrinks what families receive. If you send to Nigeria, ask your provider exactly what rate the recipient is credited at — the headline rate and the amount that lands are diverging again.