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Central Bank of Nigeria (CBN) has directed all International Money Transfer Operators (IMTOs) in Nigeria to open and maintain naira settlement accounts with authorised dealer banks as part of efforts to improve transparency and oversight in the foreign exchange market. The directive was contained in a circular dated March 24, 2026, signed by the Director […]
Continue ReadingNigerian Electricity Regulatory Commission (NERC) has directed electricity distribution companies (DisCos) to refund a total of N20.33bn owed to customers who paid for meters under the Meter Asset Provider framework. The commission stated that the outstanding sum must be recovered and repaid to affected customers within 12 months starting from March 1, 2026. Under the […]
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