Abuja, Aug. 31, 2016 – The Central Bank of Nigeria(CBN) has licensed 11 International Money Transfer Operators(IMTOs) as part of efforts to liberalise the Foreign Exchange Market, ensure liquidity and make foreign exchange more readily available to low end users.
In a statement, Ag. Director, Corporate Communications, Mr. Isaac Okorafor said the IMTOs are 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 and CASHPOT LIMITED.
Others are DT&T CORPORATION LIMITED, FIEM GROUP LLC DBA PING EXPRESS and CP EXPRESS LIMITED.
It added that the bank remains committed to provide an enabling environment for international money transfer services in Nigeria.
