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.
Some payment platforms get the approval of the Central Bank of Nigeria to carry out cross-border payments and currency exchange.
In this post, we’ll give you an updated list of international money transfer operators (IMTOs) in Nigeria.
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 Nigeria.
