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 three approved companies to send money home, as well as unregulated, informal networks. Now WorldRemit has received a letter of approval from the CBN enabling its services to Nigeria to be resumed.