Which Companies Will Benefit From This Policy?

Crystal said:

What policy are you referring to?

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kasugha said:

Let’s be real—this new policy will have winners and losers.
For everyday Nigerians abroad and their families, it could feel limiting. Sending money in dollars gave them control: they could decide when to exchange and at what rate. Now, with remittances forced into naira, some may look for alternative ways to preserve value—through friends, informal networks, or digital options.
For banks and fintechs, it’s a different story. Companies handling remittances—like Zenith Bank, Access Holdings, and UBA—stand to gain. More transactions mean more fees, higher volumes, and new customers for mobile money and digital platforms. Even international transfer services that comply could benefit from increased usage.
So, while the policy may boost financial institutions’ revenue, it might also push some people to find unofficial ways to send money.
In short: it’s a classic case of policy winners vs. everyday users.

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