In furtherance of efforts to liberalise the Foreign Exchange Market, ensure liquidity and make foreign exchange more readily available to low end users, the Central Bank of Nigeria (CBN) has licensed more International Money Transfer Operators (IMTOs) to operate in Nigeria.
In line with the existing Guidelines on International Money Transfer Services in Nigeria (2014).
According to the statement issued, Tuesday, by Isaac Okoroafor,CBN Director of Corporate Communication, the licensed operators include:
Trans-Fast Remittance LLC, Worldremit Limited, UAE Exchange Centre LLC, Wari Limited and Homesend S.C.R.L, Small World Financial Services Group Limited, Weblink International Limited Cashpot Limited, Dt&T Corporation Limited, Fiem Group LLC Dba Ping and Express and CP Express Limited.
The eleven new International Money Transfers Operators (IMTOs) will coexist with three certified operators – Western Union, MoneyGram and Ria.
Okoroafor pointed out that the CBN was committed to providing an enabling environment for international money transfer services in Nigeria.
