The Central Bank of Nigeria (CBN), on it's official website, released the list of 47 International Money Transfer Operators that are licensed to operate in the country as at February 28, 2021.
Some of the operators had their addresses in Nigeria, others were based outside the country. The CBN recently introduced a rebate of N5 for every $1 of fund remitted to Nigeria, through IMTOs in its forex policy. "This rebate will be provided to the bank accounts of beneficiaries, following receipt of remittance inflows from diaspora," the CBN Governor, Godwin Emefiele, said during its launch.
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