CBN Licenses 11 New International Money Transfer Operators

The Central Bank of Nigeria has licensed 11 new international money transfer operators in the country.

The Acting Director, Corporate Communications, Isaac Okorafor said in a statement on Tuesday, that the apex bank took the decision to ensure liquidity and make foreign exchange more readily available to low end users.

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CBN

The newly licensed operators are;

TRANS-FAST REMITTANCE LLC,

WORLDREMIT LIMITED,

UAE EXCHANGE CENTRE LLC,

WARI LIMITED, HOMESEND S.C.R.L,

SMALL WORLD FINANCIAL SERVICES GROUP LIMITED,

WEBLINK INTERNATIONAL LIMITED,

CASHPOT LIMITED,

DT&T CORPORATION LIMITED,

FIEM GROUP LLC DBA PING EXPRESS and

CP EXPRESS LIMITED.

The bank 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.

“The CBN also wishes to reiterate its commitment to providing an enabling environment for international money transfer services in Nigeria.”

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Daniel Enisan is a content writer at edliner.com. With a degree in mass communication, Daniel is a full breed journalist. Daniel is a realist, loves the use of sarcasm, a movie and music junkie. He is also a poet and a good listener.

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