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Nigeria to offer naira incentives for importing dollars

Published 06/03/2021, 16:00
Updated 06/03/2021, 16:06
© Reuters.

ABUJA, March 6 (Reuters) - Nigeria will offer a naira
incentive to import U.S. dollars through certain licensed
channels, the central bank said, in a push to shore up the
country's dollar supply.
Recipients of remittances from the Nigerian diaspora made
through international money transfer operators licensed by the
central bank will receive 5 naira ($0.0131) for every imported
dollar, the regulator said in a statement dated Friday and sent
on Saturday.
The scheme will run from March 8 to May 8, the bank said.

($1 = 380.5500 naira)

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