The apex bank and regulator of the financial sector in Nigeria, the Central Bank of Nigeria (“CBN”), on 10th July 2023 released an official list of licensed International Money Transfer Operators (“IMTOs”) in the country. This comprehensive list is a constructive notice to the general transacting public advising them on the companies that have been duly licensed by the CBN to undertake or facilitate the transfer or remittance of funds from overseas to Nigeria. The business of fund remittance from a foreign country to Nigeria or any form of cross-border payment services, whether from individual or corporate sender to an … Continue reading CBN RELEASES LIST OF LICENSED INTERNATIONAL MONEY TRANSFER OPERATORS (IMTO) IN NIGERIA