Western Union, MoneyGram, and Others Directed to Pay Nigerians in Naira Instead of Dollars
In a significant policy shift, International Money Transfer Operators (IMTOs) will now be required to pay Nigerian beneficiaries in Naira ...
Tag: international money transfer operators (IMTO)
CBN Raises International Money Transfer Operator License Fee by 1,900% to N10 Million, Prohibits Banks and Fintechs from Direct Operation
The Central Bank of Nigeria (CBN) has implemented a substantial increase in the application fee for international money transfer operators ...
IGP Sues Former Senator Andy Uba and Two Others Over Alleged ₦400 Million Fraud
The Inspector-General of Police (IGP), Kayode Egbetokun, has filed a legal suit against former Senator Andy Uba, who represented Anambra...
Read more
