The Central Bank of Nigeria (CBN) has issued licence to more International Money Transfer Operators (IMTOs) to operate in Nigeria.

This is contained in a statement issued by Mr Isaac Okoroafor, the Acting Director, Corporate Communications of the apex bank, in Abuja on Tuesday.

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Okoroafor said that the licensing was in furtherance of efforts to liberalise the Foreign Exchange Market, ensure liquidity and make foreign exchange more readily available to low-end users.

“This is in line with the existing guidelines on international money transfer services of 2014 in Nigeria,’’ he said.

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He reiterated the ?cBN’s commitment to provide an enabling environment for international money transfer services in the country.

The IMTOs, he said were; Trans-fast Remittance LLC, World Remit Limited, UAE Exchange Centre LLC, Wari Limited, Homesend S.C.R.L and Small World Financial Services Group Limited.

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The others were Weblink International Limited, Cashpot Limited, DT and T Corporation Limited, Fiem Group LLC, DPA Ping Express and CP Express Limited.


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