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Latest News & Politics

Freeze illegal IMTOs’ accounts funding black market, CBN orders banks

According to reports, the Central Bank of Nigerian(CBN) has ordered all commercial banks to freeze accounts used by illegal International Money Transfer Operators(IMTOs) to siphon hard currencies to the black market just as it warns […]

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Latest News & Politics

CBN licenses 11 new IMTOs

The Central Bank of Nigeria (CBN) on Tuesday licensed 11 new International Money Transfer Operators (IMTOS) to operate in the country. According to its acting Director of Corporate Communications,  Mr Isaac Okorafor, the new IMTOS  […]