[BRANDWEEK] #BUSINESSREPORT: CBN LICENSES 11 NEW PRIVATE FOREX OPERATORS IN NIGERIA AMIDST BANK SUSPENSIONS.

[BRANDWEEK] #BUSINESSREPORT: CBN LICENSES 11 NEW PRIVATE FOREX OPERATORS IN NIGERIA AMIDST BANK SUSPENSIONS.

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Wednesday, 31 August 2016
AGENCY NEWS


​The Central Bank of Nigeria has licensed new International Money Transfer Operators to operate in Nigeria.

The Central Bank of Nigeria announced this yesterday in a statement by the acting Director of Corporate Communications, Isaac Okorafor.

The AgDG said it is in furtherance of efforts to liberalise the Foreign Exchange Market, ensure liquidity and make foreign exchange more readily available to low end users.

Okoroafor said in line with the existing Guidelines on International Money Transfer Services in Nigeria (2014), the following IMTOs are now licensed to operate in Nigeria: Trans-fast Remittance LLC, Worldremit Limited, UAE Exchange Centre LLC, Wari Limited, Homesend S.C.R.L, Small World Financial Services Group Limited, Weblink International Limited, Cashpot Limited, DT&T Corporation Limited, Fiem Group LLLC, DBA PING Express, and CP Express Limited.

The CBN also reiterated its commitment to providing an enabling environment for international money transfer services in Nigeria.

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