Eleven new International Money Transfer Operators have been licensed to operate in Nigeria.
The Central Bank of Nigeria announced this on Tuesday.
A statement by the acting Director of Corporate Communications, Isaac Okorafor, said it is in furtherance of efforts to liberalise the Foreign Exchange Market, ensure liquidity and make foreign exchange more readily available to low end users.
Okoroafor said in line with the existing Guidelines on International Money Transfer Services in Nigeria (2014), the following IMTOs are now licensed to operate in Nigeria:
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 reiterated its commitment to providing an enabling environment for international money transfer services in Nigeria.
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