CBN: Flutterwave, Paypal, Moneygram, Interswitch, eTRANZACT oda Central Bank of Nigeria International Money Transfer Operators - Full list
Central Bank of Nigeria [CBN] release di list of 47 International Money Transfer Operators wey dem approve to receive foreign exchange remittances from Nigerians wey dey abroad.
CBN recently ban unauthorized international money transfer operators from such transactions, warn dem say dem go apply severe sanctions alias punishment against dem [di unauthorized IMTOs], if dem remain stubborn. Di highest banking authority in Nigeria also come up wit one new policy to force IMTOs and Money Deposit Banks to pay recipients of remittances for foreign currencies, rather than di Naira. Before now, tori be say IMTOs and banks bin dey short change remittances beneficiaries, as dem dey give dem less Naira equivalent of dia foreign exchange sent to dem from abroad Na sake of dis di Central Bank of Nigeria release di approved list of companies wey fit deal in foreign exchange home and abroad. 17 of di IMTOs dey base for di United Kingdom; 14 dey Lagos; eight for di United States of America; three for Abuja; two for Senegal and one each for Ibadan, Morocco and Belgium. Nigerians wey get business or relatives abroad dey do dollar transaction to Nigeria through International Money Transfer Organizations Full List of CBN licensed International Money Transfer Operators and dia address In di last one year Central Bank of Nigeria don review foreign exchange [forex] policy inside di west African kontri sake of how oil price wey be di main foreign exchange earner for di kontri dey go up and down for international market.