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CBN Suspends Money Transfer Service To Nigeria

Hundreds of global remittance companies forced to cease transfers as Nigeria’s central bank, CBN suspends money transfers to Nigeria. In an email from WorldRemit, an online service that allows people...

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WorldRemit Urges Nigeria To Restore Money Transfers

  WorldRemit has called for the urgent restoration of money transfers to Nigeria as draconian new rules leave virtually all money transfer operators unable to provide services to the West African...

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Money Transfers to Nigeria Could Be Back Soon (Latest Update)

Couple of weeks ago, the Central Bank of Nigeria, CBN, blocked hundreds of firms for money transfers to Nigeria from other countries in the world, leaving only three companies – Western Union,...

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CBN Issues License To 11 New Int’l Money Transfer Operators

Central Bank of Nigeria CBN has issued license to 11 new International Money Transfer Operators (IMTOs). This was disclosed in a statement released by the apex bank’s Acting Director, Corporate...

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