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CBN Licenses Ten More Money Transfer Operators

CBN Licenses Ten More Money Transfer Operators     The Central Bank of Nigeria has added 10 companies to the list of International Money Transfer Operators licensed in the country. This was disclosed on Monday in a report, titled ‘Updated list of International Money Transfer Operators in Nigeria...

CBN Tackles Recalcitrant IMTOs Over Diaspora Remittances

CBN Tackles Recalcitrant IMTOs Over Diaspora Remittances         The Central Bank of Nigeria (CBN) has expressed displeasure that some International Money Transfer Operators (IMTOs) continue to pay remittances in local currency contrary to its recent policy that granted unfettered access to forex from Diaspora and other...