From the Central Bank of Nigeria (CBN) yesterday came a directive to International Money Transfer Operators (IMTOs): pay dollars received through Diaspora remittances to domestic beneficiaries in naira.
A circular to banks, IMTOs and the public by CBN Director, Trade and Exchange Department, O.S Nnaji, listed 62 approved IMTOs to carry out the directive.
In the list are Western Union, World Remit Limited, CashPot Limited, e-Transact International Limited, Leadremit Limited, Flutterwave Technology Solutions Limited, and Interswitch Limited.
