Tuesday, 30 August 2016

Finally, CBN grants license to 11 international money transfer agents

FOREX

The Central Bank of Nigeria, CBN, in an offer to make FOREX more accessible to low end clients, has authorized 11 new International Money Transfer Operators, IMTOs, to work in Nigeria.

Revealing this in an announcement on Tuesday, the acting Spokesman of the apex bank, Isaac Okorafor, said CBN was focused on giving an empowering situation to universal cash move administrations in the nation.

Okorafor further said, “In furtherance of efforts to liberalise the Foreign Exchange Market, ensure liquidity and make foreign exchange more readily available to low end users, the Central Bank of Nigeria (CBN) has licensed more International Money Transfer Operators (IMTOs) to operate in Nigeria.

“In line with the existing Guidelines on International Money Transfer Services in Nigeria (2014), the following IMTOs are now licensed to operate in Nigeria.”

The rundown as indicated by the zenith Bank include: TRANS-FAST REMITTANCE LLC, WORLDREMIT LIMITED, UAE EXCHANGE Center LLC4WARI LIMITED, HOMESEND S.C.R.L, SMALL WORLD FINANCIAL SERVICES GROUP LIMITED.


Others are: WEBLINK INTERNATIONAL LIMITED, CASHPOT LIMITED9DT&T CORPORATION LIMITED, FIEM GROUP LLC DBA PING EXPRESS and CP EXPRESS LIMITED.

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