CBN Records $600m Remittance Inflow Through IMTOs Reform …C0NTINUE READING HERE >>>
The Central Bank of Nigeria (CBN) has announced that its recent reformation of the International Money Transfer Operators (IMTOs) segment of the financial sector has seen the inflow of remittances growing from $200 million to about $600 million within a six-month period.
“And happily, we’ve seen the results of that effort. I would say that when we started, the volume that was going through the remittances of overseas was in the region of maybe about $200 million. And as at the end of last month, we were almost at $600 million,” the CBN Governor Yemi Cardoso disclosed during a…
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