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Tag: International Money Transfer Operators (IMTOs)

Diaspora Remittances : CBN Approves 10 Additional IMTOs

The Central Bank of Nigeria (CBN) has approved 10 additional International Money Transfer Operators (IMTOs) to boost diaspora remittances. Nigeria’s foreign exchange (FX) earnings suffered...

CBN Revokes 11 IMTOs Operating Licenses

The Central Bank of Nigeria (CBN) has withdrawn the operating licenses of 11 International Money Transfer Operators (IMTOs) in the country’s foreign exchange market. In...

Azimo, Transfer Wise Not Registered IMTOs, Says CBN

The Central Bank of Nigeria (CBN) has alerted the public on the activities of two unauthorised International Money Transfer Operators (IMTOs), Messrs Azimo and...
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