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Foreign Exchange Market Nigeria Dollar To Naira

CBN Says TransferWise, Azimo Not Registered In Nigeria, Users Fault Apex Bank

Leave a Comment / Foreign Exchange / By Opeyemi Quadri

The Central Bank of Nigeria (CBN) has warned that Azimo Money Transfer isn’t a registered IMTO in Nigeria. The apex bank in a tweet also warned Nigerians to steer clear of another international money transfer operator TransferWise, saying they’re not licensed to handle money transfers in Nigeria. In properly managed and regulated by the CBN, …

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List of IMTOs in Nigeria

Leave a Comment / Foreign Exchange / By Opeyemi Quadri

Do you have family and friends in Nigeria you would like to send money to? You need not worry because the Central Bank of Nigeria (CBN) has a list of certified IMTOs that can successfully help you deliver funds to your loved ones back home. What are IMTOs? IMTOs are International Money Transfer Operators that are licenced by …

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Influence of IMTOs On Foreign Currency Exchange Rate in Nigeria

Leave a Comment / Foreign Exchange / By InfomediaNG

Hey, have you read the latest CBN directive on remittances? If you haven’t, we’ll tell you more about it and the influence of IMTOs on foreign currency exchange rate in Nigeria. Quick one: The receipt and administration of diaspora remittances into Nigeria kicked off on December 4, 2020, as directed by the Central Bank of …

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