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Cbn Licenses Eleven New International Money Transfer Operators 

Source: thewillnigeria.com

SAN FRANCISCO, August 30, (THEWILL) – 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 11 more International Money Transfer Operators (IMTOs) to operate in Nigeria.

A statement by Isaac Okorafor, Ag. Director, Corporate Communications said the licensing is “in line with the existing Guidelines on International Money Transfer Services in Nigeria (2014).”

“The following IMTOs are now licensed to operate in Nigeria:

S/No. Registered Operators
1. TRANS-FAST REMITTANCE LLC
2. WORLDREMIT LIMITED
3. UAE EXCHANGE CENTRE LLC
4. WARI LIMITED
5. HOMESEND S.C.R.L
6. SMALL WORLD FINANCIAL SERVICES GROUP LIMITED
7. WEBLINK INTERNATIONAL LIMITED
8. CASHPOT LIMITED
9. DT&T CORPORATION LIMITED
10. FIEM GROUP LLC DBA PING EXPRESS
11. CP EXPRESS LIMITED

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


God knows everybody but not all of us he (God) will make known to the world.
By: Kyei-Afrifa Ma Germ