Tag: IMTOs
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CBN relaxes restrictions on fx rates
The Central Bank of Nigeria (CBN), has removed the allowable limit of exchange rate quoted by the International Money Transfer Operators (IMTOs). This is according to a circular signed by Dr Hassan Mahmud, the Director, Trade and Exchange Department of the CBN, addressed to IMTOs and the general public.
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CBN releases updated list of IMTOs for diaspora remittances
The Central Bank of Nigeria (CBN) has published an updated list of International Money Transfer Operators (IMTOs) approved for Diaspora Remittances in the country as at April 1. The updated list, totalling 57 was published by the apex bank via its official website on Monday. Among the IMTOs listed are: Aftab Currency Exchange Ltd, Nigerian…