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Extra Extra! Extra Nigerian Naira On All Dollar Remittances

Extra Extra! Extra Nigerian Naira On All Dollar Remittances

30 Mar 2021

The Federal Republic of Nigeria is the largest country in Africa in terms of population. Also, the Nigerian diaspora accounts for 1.24 million, with a vast majority residing in Europe. To facilitate the Non-resident Nigerians, ACE Money Transfer provides first-in-class money remittances services to Nigerians living abroad.

Additionally, the Nigerian government has published a notification via the CBN Circular referenced TED/FEM/PUB/FPC /01/003 dated March 05, 2021, introducing the CBN Naira 4 Dollar Scheme. The scheme allows recipients of the remittances to be paid NGN 5 for every US$ 1 remitted.

What Is CBN Naira 4 Dollar Scheme?

The scheme aims to help local Nigerians and the Nigerian economy benefit from international remittances by accelerating the flow. According to this scheme, the recipient of remittances will get an extra NGN 5 for every dollar that Non-resident Nigerians remit. Highly attractive and officially launched by the Nigerian government in collaboration with local remittance providers, the scheme will help Nigeria grow economically. It also has focuses on its citizens' well-being.

Why Choose ACE Money Transfer?

ACE Money Transfer is a market front-runner in the remittance industry and leads from the front row to provide its Nigerian customer-base world-class services. The company also has currency conversation tools to help users make conversions when sending money abroad. These tools also allow users the flexibility to check the rates regularly and send money at favourable rates. ACE’s web and online application facilities have led the market in terms of security, ease-of-use, and simplicity.

Nigerians can avail the benefits of the CBN Naira 4 Dollar Scheme instantly by sending money to Nigeria. Users have to register with ACE for the remittance services to take advantage of the zero-transaction fee limited time offer.

How To Send Through Ace Money Transfer

ACE Money Transfer is a trusted organization that is operating in the industry since 2002. With a simple registration process, users can send money to Nigeria as easy as A-B-C by following these simple steps:

  1. Create an account using the app
  2. Complete the user profile with basic details and identification documents
  3. Choose destination country, i.e. Nigeria
  4. Select the desired payout option as Cash pickup via preferred Bank and enter the receiver's details
  5. Pay for the transaction using a debit/credit card or the bank account

ACE Money Transfer is based in the UK with global operations. ACE strives for excellence in its operations by providing its clients with matchless services and well-trained staff. Being a remittance leader, ACE ensures every transaction is secure, timely and efficiently processed to bring smiles to millions of faces worldwide.


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