Nigeria moves diaspora remittances to naira-only settlement
From May 1, recipients get naira, not dollars; the operator's conversion rate is now where value is won or lost.
A CBN directive routes all transfer-operator inflows through dedicated naira accounts. Formal flows have tripled to ~US$600M/month, targeting US$1B by year-end. Compare operators on the naira rate, not just the fee. Read full: Nigeria brief.