CBN Forex: Transfercorp, VFD Group, Oda International Monetary Transfer Operator

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Ds additional approval wey di apex bank announce so na part of efforts to boost wetin dem call diaspora remittance. Diaspora remittance simply mean inflows of foreign currencies from abroad. Wit dis new licence, e don increase di total number of international money companies wey dey operate for di kontri to 57. Tori be say in recent times CBN dey come up wit policy wey go encourage inflows of foreign currencies. CBN Govnor Godwin Emefiele, say dis reforms go support Nigeria economy and help reduce di impact of di COVID-19 pandemic. Di central bank say all diaspora remittances must go through di deposit money banks rather than mortgage or fintech institutions. "Since I become di CBN govnor, I don dey hear about di size of diaspora remittances; Some say $20 billion, in fact some say e dey about $30 billion. Honestly, I dey looking for di $30 billion or $20 billion, I neva see am". Na so oga Emefiele tok.

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