The Central Bank of Nigeria (CBN) has announced that it has licensed more International Money Transfer Operators (IMTOs) to operate in Nigeria.
A statement by the bank’s Director of Corporate Communications, Mr. Isaac Okorafor said that the move is one of the efforts at liberalizing the Foreign Exchange Market, ensure liquidity and make foreign exchange more readily available to low end users.
The bank then listed the IMTOs who have been licensed to operate in Nigeria in line with the existing Guidelines on International Money Transfer Services in Nigeria (2014), as:
- Trans-Fast Remittance LLC
- Worldremit Limited
- UAE Echange Centre LLC
- Wari Limited
- Homesend S.C.R.L
- Small World Financial Group Limited
- Weblink International Limited
- Cashpot Limited
- DT & T Corporation Limited
- Fiem Group LLC DBA Ping Express
- CP Express Limited
The CBN, in the statement, reiterated its commitment to providing an enabling environment for international money transfer services in Nigeria. [myad]
