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Close All Money Transfer Operators’ Naira Accounts, CBN Orders Banks - Business - Nairaland

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Close All Money Transfer Operators’ Naira Accounts, CBN Orders Banks by SKYTREND(m): 1:32am On Dec 19, 2020
Close all money transfer operators’ naira accounts, CBN orders banks

Central Bank of Nigeria, (CBN) has ordered banks (the Deposit Money Banks) to close all naira accounts of International Money Transfer Operators, (IMTO).

https://skytrendconsulting.com/2020/12/19/close-all-money-transfer-operators-naira-accounts-cbn-orders-banks/

Re: Close All Money Transfer Operators’ Naira Accounts, CBN Orders Banks by MoxxxxO123(m): 1:41am On Dec 19, 2020
These guys are outta ideas
Re: Close All Money Transfer Operators’ Naira Accounts, CBN Orders Banks by jammer777: 7:01am On Dec 19, 2020
This is to stop them from receiving foreign remittances.
What is the direct effect of this directive on our exchange rate? For better or worse?

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