Nigeria, March 25 -- The policy, announced in a circular dated March 24, 2026, mandates that all remittance inflows, payouts to beneficiaries, and related transactions must be processed strictly through designated local accounts.

Operators are permitted to maintain multiple accounts across banks, depending on their operational needs.



Under the new framework, these accounts can receive funds only from remittance inflows and foreign exchange conversions conducted within the official market.

The apex bank also directed operators to align their pricing with real-time market rates using the Bloomberg BMatch system to improve price discovery and reduce disparities.



The News Chronicle understands that the move is part of broader effor...