#New CBN circular permits IMTOs to sell FX directly on Nigeria’s official window

New CBN circular permits IMTOs to sell FX directly on Nigeria’s official window

The Central Bank of Nigeria (CBN) has permitted eligible International Money Transfer Operators (IMTOs) to sell foreign exchange (FX) on Nigeria’s official window.  This directive, effective immediately, is part of CBN’s plan to ensure greater remittance flows through formal channels…