CBN stops outbound IMTO transactions, also limits inflow payouts to Naira
The Central Bank of Nigeria (CBN) has restricted the operations of international money transfer operators (IMTOs) to only inbound transfers, ...
Tag: IMTO
FULL LIST: Flutterwave, Interswitch, Paga, PayPal among list of 62 licensed IMTOs
The new guidelines issued by the Central Bank of Nigeria (CBN) on International Money Transfer Operators' (IMTO) operations have created ...
Flutterwave secures IMTO licence in Malawi to process international transfers
Nigerian fintech unicorn, Flutterwave, has obtained an International Money Transfer Operator (IMTO) license from the Reserve Bank of Malawi to ...
Analysing the Central Bank of Nigeria’s Dollar Remittance Policy
Following CBN's policy, WorldRemit was the first digital service to offer its customers the option of USD cash pickup in ...
Naira falls at NAFEX window as dollar supply continues to decline
The exchange rate between the naira and the dollar depreciated closing at N394.50/$1 at the NAFEX Window.
New CBN guidelines ban MMOs, PSPs, Operators from receiving diaspora remittances
The Central Bank of Nigeria has issued additional guidelines for diaspora remittances in the country
CBN Governor discloses why they amended procedures for receipt of diaspora remittances
The CBN Governor has disclosed the reason the apex bank amended the procedures for receipt of diaspora remittances into the ...
New CBN Circular: CBN confirms only Banks can pay IMTO dollars
CBN issues update on how dollar transfers from friends and family living abroad should be paid
