Nigeria’s CBN Adds Flutterwave to Approved International Transfer Operators

The Central Bank of Nigeria (CBN) has updated the list of approved International Money Transfer Operators (IMTOs) for diaspora remittances. This was disclosed via the apex bank’s official Twitter handle.

Flutterwave Technology, Paypal Inc, First Apple Inc, Western Union, e-Tranzact Limited, Interswitch Limited, Moneygram, and Cashpoint Limited top on the list.

Earlier in the month, CBN approved an incentive of ₦5 /$1 for remittances receivers, in order to further boost Diaspora remittances.

Mr Godwin Emefiele, Governor of the Central Bank of Nigeria since June 4, 2014.

The governor of the CBN, Mr Godwin Emefiele, said last weekend that the policy had been effectively applied by other jurisdictions to increase Diaspora remittances and expressed that Nigeria would also witness a boost in remittances, going forward.

His words, “In a bid to reduce the cost of remitting funds to Nigeria, the Central Bank of Nigeria on March 8, 2021, introduced a refund of N5 for every $1 of fund remitted into the country through IMTOs licensed by the CBN.

Mr Godwin Emefiele

See complete list below:

S/NOPERATORADDRESS
1AFTAB CURRENCY EXCHANGE LIMITEDPall Mall Court, 61-67 King Street, Manchester,  M2 4PD, United Kingdom
2AZIMO LIMITED173 Upper Street London, NI IRG United Kingdom
3BELYFTED LIMITED 44 Whalebone Lane South Dagenham, Essex RMB 1BB, United Kingdom
4CAPEREMIT UK LIMITED 47 Stanley Road Stevenage Hertfordshire SG2 OEE United Kingdom
5CASHPOT LIMITED 157, Deptford High Street SE8 3NU, London United Kingdom
6CENTREXCARD LIMITEDUnit 46, Dartford Business Park (Basepoint) Victoria Road, Dartford DA1 5FS, Kent, UK
7CHIME INC. 239 East 5th Street Suite 4B New York, NY 10003 United States
8 COLONY CAPITAL LIMITED Plot 5 Chief Yesefu Abiodun Way Oniru, Victoria Island Lagos
9CP EXPRESS LIMITED346 Barking Road London, E13 8HL
10 DT&T CORPORATION LIMITED 3 Harbour Exchange Square London E14 9GE
11 eTRANZACT LIMITED4th & 5th Floors, Fortune Tower 27/29 Adeyemo Alakija Street Victoria Island Lagos
12FIEM GROUP LLC DBA PING EXPRESS 1327, Empire Central Drive St. 110-6 Dallas Texas
13FIRST APPLE INC. 6492 Landover Road Suite A1 Landover MD20785 Cheverly, USA
14FLUTTERWAVE TECHNOLOGY SOLUTIONS LIMITED 8 Providence Street, Lekki Phase 1 Lagos
15 FORTIFIED FRONTS LIMITED in Partnership with e-2-e PAY LIMITED #15 Glover Road Ikoyi, Lagos
16 FUNDS & ELECTRONIC TRANSFER SOLUTIONNo. 15, Cameron Road, Ikoyi, Lagos
17FUNTECH GLOBAL COMMUNICATIONS LIMITED Clarendon House 125 Shenley Road Borehamwood Heartshire WD6 1AG United Kingdom
18GLOBAL CURRENCY TRAVEL & TOURS LIMITED 1280 Ashton Old Road Manchester, M11 1JJ United Kingdom
19HOMESEND S.C.R.L Rue des Colonies 56, 6th Floor-B1000 Brussels Belgium
20IDT PAYMENT SERVICES INC. 520 Broad Street USA
21 IMMUEUBLE WARI LIMITED 20 Rue Amadou Assane Ndoye 7 Etge BP 32 368 Dakar Dakar Senegal
22 INTERSWITCH LIMITED Plot 1648C Oko-Awo Close Victoria Island Lagos
23 MAKEBA INC.85, Broad Street, 18th FI New York, NY 10004
24MONEYGRAM Africa Re-Insurance Building 1679, Karimu Kotun Victoria Island, Lagos
25NAIRA GRAM LLC operating in Nigeria as NGN GRAM LIMITED 24b Femi Okunnu Phase 2, Lekki Lagos State
26NIGERIAN POSTAL SERVICE (NIPOST) P.M.B 12537, Garki Abuja
27NOUVEAU MOBILE LIMITED c/o 31B Oyeleke Street Alausa Ikeja, Lagos
28 PAGATECH LIMITED 176 Herbert Macaulay Way Yaba, Lagos
29PAYCOM NIGERIA LIMITED Plot 8, Dr. Nurudeen Olowopopo Avenue Alausa, Lagos
30 PAYPAL INC. #2211 North First Street San Jose, CA95131 United States of America
31 REMIT HUB CAFÉ LIMITED 175 Chesterton Road Cambridge, CB4 1AF United Kingdom
32 REMITLY INC. 111 Third Avenue Suite 2100 Seattle, WA 98101 United States
33RIA FINANCIAL 1 Allées Seydou Nourou TALL POINT E Dakar – Senegal
34 SHIFT FINANCIAL SERVICES LIMITED No.1 Goba Close (Suite 3), Off Monrovia Street Off Aminu Kano Crescent Wuse 2, Abuja
35 SIMPLIFY INTERNATIONAL SYNERGY LIMITED No. 18, A-Close, 14 Road Gwarimpa, Abuja
36SMALL WORLD FINANCIAL SERVICES GROUP LIMITEDAntonio Inesta Units 3&4 Sycamore Court Royal Oak Yard 168-170 Bermondsey Street SE1 3TQ, London
37 TCF LIMITED 2A Osborne Road Pees Galleria, Suite 4 Ikoyi, Lagos
38TRANS-FAST REMITTANCE LLC 44 Wall Street, Suit 400 New York, NY10005 USA
39TRANSFERTO MOBILE FINANCIAL SERVICES LIMITED (THUNES) London Iron House London SE1 1UN United Kingdom
40VENTURE GARDEN NIGERIA Plot E, Ziatech Road Oregun, Ikeja Lagos
41VOLOPA FINANCIAL SERVICES (SCOTLAND) LIMITED Maclay Murray & Spens LLP 1 George Square, Glasgow, G2 1AL
42VTNETWORK LIMITED No.5 Beckley Street, Off Adeyi Avenue Old Bodija, Ibadan Oyo State
43WEBLINK INTERNATIONAL LIMITED The Enterprise Centre (Unit 1) Hastings Road, Bromley Kent BR2 8NA, London
44WESTERN UNION7th Floor, Shore 13 1100 Boulevard Al Qods-Quartier Sidi Maarouf 20270 Casablanca- Morocco
45WORLDREMIT LIMITED 2nd Floor, 62 Buckingham Gate London SW1E 6AJ
46XPRESS MONEY SERVICES LIMITED Office #426, 1 Olympic Way Wembley HA9 ONP London, UK
47 XPRESS PAYMENT SOLUTIONS LIMITED 23, Oba Akinjobi Way Ikeja GRA Lagos

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