Nigerian banks, on February 13, 2024, announced that dollar transactions through international money transfer operators (IMTOs) will now be paid to customers in naira. The policy is an offshoot of
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Nigerian banks will begin to pay dollar transactions through international money transfer operators (IMTOs) to customers in naira. The decision, according to a notice to customers, follows the recently announced
International Money Transfer Operators (IMTOs) have commenced the implementation of a directive by the Central Bank of Nigeria (CBN) to halt dollar transfers to Nigerians. The development follows a recent
The Central Bank of Nigeria (CBN) has reviewed the policy guiding the activities of international money transfer operators (IMTOs). The guideline was first established in 2014. CBN, in a circular
The Central Bank of Nigeria (CBN) has removed the allowable limit of exchange rate quoted by the international money transfer
The Central Bank of Nigeria (CBN) has announced the inclusion of the naira, the country’s legal tender, as a payout
The Central Bank of Nigeria (CBN) has approved 10 additional international money transfer operators (IMTOs) to boost diaspora remittances. Nigeria’s
The Central Bank of Nigeria (CBN) has released a list of approved international money transfer operators (IMTOs). IMTOs accept cash
The Central Bank of Nigeria (CBN) has instructed deposit money banks (DMBs) to close all naira accounts of international money
The Central Bank of Nigeria (CBN) on Wednesday warned that Azimo and Transfer Wise are not licensed to operate as
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