WorldRemit Takes Note of CBN Mandate on New USD Bank Account Opening Process


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WorldRemit

Nigerian banks now mandated to open USD bank accounts for those receiving international money transfers

WorldRemit, a leading cross-border digital payments service, welcomes the Central Bank of Nigeria’s (CBN) announcement that all Nigerian banks will be mandated to facilitate money transfers by automatically opening US Dollar bank accounts for those who do not currently have US Dollar bank accounts. This development ensures that all international money transfers will be successfully processed even if senders enter Naira account details for transactions.



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