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International Money Transfer Operators

Instant And Inclusive Payments Systems: From Fear To Fast Payouts

The ease, swiftness and assuredness of contemporary online money transfers no longer allow us to remember the dark and fearful days of cash-only transactions. How time flies. Just move back in time a little - 13 years ago.

February 5, 2024

Business·Diaspora

CBN Directs IMTOs To Use I&E Window Rate To Convert Diaspora Remittances

International Money Transfer Operators (IMTO) have been directed by the Central Bank of Nigeria (CBN) to add naira and eNaira payout to diaspora remittances. In a circular released on Wednesday, titled; Payout Option In Naira For Receipt Of Proceeds Of Diaspora Remittances,’

July 13, 2023

Naira Appreciates To N869/$1 As Experts Debate Stability

Business·Currency·Diaspora·News

Diaspora Remittances: CBN Threatens To Withdraw Banks’ Forex Licences

Nigerian banks risk losing their foreign exchange dealership licences for violating directive of the Central Bank of Nigeria (CBN) on diaspora remittances. In a circular to banks dated December 14, 2022, the central bank said it had been notified that the banks

December 20, 2022

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International Money Transfer Operators

Instant And Inclusive Payments Systems: From Fear To Fast Payouts

CBN Directs IMTOs To Use I&E Window Rate To Convert Diaspora Remittances

Diaspora Remittances: CBN Threatens To Withdraw Banks’ Forex Licences

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