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CBN to banks: Champion diaspora products, cut remittance costs

Published by The Sun on Thu, 22 May 2025


By Chinwendu Obienyi Governor, Central Bank of Nigeria (CBN), Olayemi Cardoso, has called on commercial banks to take full ownership of diaspora-focused financial products and services. He also urged them to play a more proactive role in reducing the high cost of remittances into the country, describing the average 7 percent remittance fee to Nigeria []The post CBN to banks: Champion diaspora products, cut remittance costs appeared first on The Sun Nigeria.
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