The Central Bank of Nigeria, CBN, has published a list of the international money transfer operators (IMTOs) approved for diaspora remittances.
The bank had earlier introduced a “Naira 4 Dollar Scheme”, an incentive that pays naira to senders and recipients of international money transfers.
The incentive will see recipients of diaspora remittances paid N5 for every $1 received from outside the country.
The incentive will be enjoyed if remittances come in through IMTOs approved by CBN. The bank on Monday published the list of the IMTOs.
They are as follows:
Aftab Currency Exchange Limited.
Caperemit Uk Limited.
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Colony Capital Limited
Cp Express Limited
Dt&T Corporation Limited
Fiem Group Llc Dba Ping Express
Flutterwave Technology Solutions Limited
Fortified Fronts Limited In Partnership With E-2-e Pay Limited
Funds & Electronic Transfer Solution
Funtech Global Communications Limited.
Global Currency Travel & Tours Limited
Idt Payment Services Inc.
Immueuble Wari Limited; Interswitch Limited
Africa Re-insurance Building 1679
Karimu Kotun Victoria
Naira Gram Llc Operating In Nigeria As Ngn Gram Limited
Nigerian Postal Service (Nipost)
Nouveau Mobile Limited
Paycom Nigeria Limited
Remit Hub Café Limited
Ria FinancialShift Financial Services Limited
Simplify International Synergy Limited
Small World Financial Services Group Limited
Trans-fast Remittance Llc
Transferto Mobile Financial Services Limited (Thunes)
Venture Garden Nigeria
Volopa Financial Services (Scotland) Limited
Weblink International Limited
Xpress Money Services Limited
Xpress Payment Solutions Limited