WorldRemit praises CBN on licensing of new IMTOs

WorldRemit, one of the digital remittance service companies licensed by the Central Bank of Nigeria to operate money transfer services in the country has applauded the Central Bank of Nigeria (CBN) for the action. In a statement, the firm said that hundreds of International Money Transfer Operators (IMTOs) last month suspended their operations in Nigeria,…

Forex scarcity deepens as Naira dips to N420/$1 at parallel market

…CBN appoints 11 new IMTOs By Odunewu Segun The naira has fallen to an all-time low of N420 to a dollar at the parallel market earlier today as against the N418 it traded for on Tuesday. As forex scarcity deepened, the naira was quoted at 317.09 to the dollar on the interbank market, against the…

Worldremit Resumes Money Transfers To Nigeria With Promotional Offer

  WorldRemit, the leading digital remittance service, has commended the restoration of money transfers to Nigeria, following the decision of the Central Bank of Nigeria (CBN) to approve it and ten other international money transfer operators (IMTOs). And to celebrate the relaunch of its service to Nigeria, WorldRemit is offering promotional pricing of $0.01, €0.01,…

WorldRemit gets approval for Money Transfers to Nigeria

WorldRemit , the leading digital remittance service, commends the restoration of money transfers to Nigeria, following the decision of the Central Bank of Nigeria (CBN) to approve WorldRemit and ten other international money transfer operators (IMTOs). At the beginning of August 2016, hundreds of IMTOs suspended their operations, leaving the Nigerian diaspora to rely on…

CBN licenses 11 new Int’l money transfer operators

The Central Bank of Nigeria (CBN) yesterday licensed 11 new International Money Transfer Operators (IMTOs). The new entrants are joining Western Union, MoneyGram and Ria, which had been cleared by the CBN. The new operators are Trans-Fast Remittance LLC; WorldRemit Limited, UAE Exchange Centre LLC; Wari Limited, Homesend S.C.R.L, Small World Financial Services Group Limited…

CBN issues license to 11 new International money transfer operators

Central Bank of Nigeria CBN has issued license to 11 new International Money Transfer Operators (IMTOs). The apex bank’s Acting Director, Corporate Communications, Isaac Okorafor yesterday disclosed this in a statement released in Abuja. The new operators are Trans-Fast Remittance LLC; WorldRemit Limited, UAE Exchange Centre LLC; Wari Limited, Homesend S.C.R.L, Small World Financial Services Group Limited and…

WorldRemit commends restoration of money transfers to Nigeria

WorldRemit , the leading digital remittance service, has commended the restoration of money transfers to Nigeria, following the decision of the Central Bank of Nigeria (CBN) to approve WorldRemit and ten other international money transfer operators (IMTOs). At the beginning of August 2016, hundreds of IMTOs suspended their operations, leaving the Nigerian diaspora to rely…

WorldRemit commends restoration of Money Transfers to Nigeria

WorldRemit, the leading digital remittance service, commends the restoration of money transfers to Nigeria, following the decision of the Central Bank of Nigeria (CBN) to approve WorldRemit and ten other international money transfer operators (IMTOs). At the beginning of August 2016, hundreds of IMTOs suspended their operations, leaving the Nigerian diaspora to rely on just…

CBN Issues Licence To New International Money Transfer Operators

The Central Bank of Nigeria (CBN) has issued licence to more International Money Transfer Operators (IMTOs) to operate in Nigeria. This is contained in a statement issued by Mr Isaac Okoroafor, the Acting Director, Corporate Communications of the apex bank, in Abuja on Tuesday. Okoroafor said that the licensing was in furtherance of efforts to…