Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,158,189 members, 7,835,954 topics. Date: Tuesday, 21 May 2024 at 06:05 PM |
Nairaland Forum / Nairaland / General / Business / CBN Sets $1m As Capital Requirement For International Money Transfer Operators (9396 Views)
CBN Sets N50,000 As Daily Limit On Contactless Payments / Sale Of Polaris Bank: CBN Sets Record Straight / Money Transfer Operators Authorised By CBN To Facilitate Remittances (Full List) (2) (3) (4)
CBN Sets $1m As Capital Requirement For International Money Transfer Operators by nurex01(m): 4:54am On Feb 02 |
The Central Bank of Nigeria (CBN) has established a minimum operating capital requirement for International Money Transfer Operators (IMTOs) at $1 million for foreign entities and an equivalent amount for local IMTOs. https://businessday.ng/news/article/cbn-sets-1m-as-capital-requirement-for-international-money-transfer-operators/ 6 Likes 1 Share
|
Re: CBN Sets $1m As Capital Requirement For International Money Transfer Operators by atiku4President(m): 5:02am On Feb 02 |
That's okay. Let's know those who are serious and ready to do business. 2 Likes 1 Share |
Re: CBN Sets $1m As Capital Requirement For International Money Transfer Operators by gaby(m): 5:33am On Feb 02 |
I and 10 of my friends have this $10M. What next? Just Malami and Hopeless Uzo can comfortably sponsor 20 individuals to meet these requirements. Who una dey whine with una "Together in God's family" textbook economics? 22 Likes 1 Share |
Re: CBN Sets $1m As Capital Requirement For International Money Transfer Operators by tunwumi: 5:35am On Feb 02 |
Ok |
Re: CBN Sets $1m As Capital Requirement For International Money Transfer Operators by Throwback: 5:43am On Feb 02 |
This is still barking, not biting. 8 Likes 1 Share |
Re: CBN Sets $1m As Capital Requirement For International Money Transfer Operators by yomalex(m): 5:45am On Feb 02 |
Okay |
Re: CBN Sets $1m As Capital Requirement For International Money Transfer Operators by lightheart(m): 5:46am On Feb 02 |
Good move |
Re: CBN Sets $1m As Capital Requirement For International Money Transfer Operators by Okeytus(m): 5:48am On Feb 02 |
Is Now CBN is waking up, hope all these new rules will have a significant action on dollar. 4 Likes |
Re: CBN Sets $1m As Capital Requirement For International Money Transfer Operators by dayleke: 5:49am On Feb 02 |
No be Naija we dey? 3 Likes |
Re: CBN Sets $1m As Capital Requirement For International Money Transfer Operators by dayleke: 5:49am On Feb 02 |
Na today? 2 Likes 1 Share |
Re: CBN Sets $1m As Capital Requirement For International Money Transfer Operators by dayleke: 5:50am On Feb 02 |
Throwback: Pls tell them o 3 Likes |
Re: CBN Sets $1m As Capital Requirement For International Money Transfer Operators by mytime24(f): 5:50am On Feb 02 |
Batch batch CBN governor 2 Likes |
Re: CBN Sets $1m As Capital Requirement For International Money Transfer Operators by Tjra: 5:53am On Feb 02 |
atiku4President:💯 |
Re: CBN Sets $1m As Capital Requirement For International Money Transfer Operators by Lannyjoe4u: 5:54am On Feb 02 |
Wahala 1 Like |
Re: CBN Sets $1m As Capital Requirement For International Money Transfer Operators by skj1377(m): 5:55am On Feb 02 |
This will end likes of comatose Patricia money transfer app. |
Re: CBN Sets $1m As Capital Requirement For International Money Transfer Operators by chopnaira: 5:55am On Feb 02 |
This is chicken change to a big player like world remit. 3 Likes |
Re: CBN Sets $1m As Capital Requirement For International Money Transfer Operators by tophempire: 5:59am On Feb 02 |
It shall not be well with Nogeria and her politics |
Re: CBN Sets $1m As Capital Requirement For International Money Transfer Operators by racerve(m): 6:02am On Feb 02 |
Okeytus: Attacking the symptoms instead of treating the cause. Dollar scarcity is a supply and demand issue. Give us stable power, and factories will start popping up everywhere. Once local manufacturing kicks off, we won't need to import so much, reducing demand. Supply will increase when foreign investors regain confidence in us. For this to happen, the govt first has to start making coherent policies, tackle insecurity, and generally become more accountable to the masses. We also need to explore other commodities for exporting besides oil. That's it. All these CBN directives are band aids that won't affect anything in the long run. 15 Likes 1 Share |
Re: CBN Sets $1m As Capital Requirement For International Money Transfer Operators by HateBigots: 6:04am On Feb 02 |
Tunbu tunbu government, trial and error policies. No direction, zero vision. Enjoy the "renewed hopelessness" you voted for $1 = #3,000 here we go 6 Likes
|
Re: CBN Sets $1m As Capital Requirement For International Money Transfer Operators by mrdharkchild(m): 6:08am On Feb 02 |
Cutting off the branches of a tree, won't kill the tree. 3 Likes |
Re: CBN Sets $1m As Capital Requirement For International Money Transfer Operators by Cmeo(m): 6:11am On Feb 02 |
This is good. The CBN has nearly neglected and under regulate this area for so long. |
Re: CBN Sets $1m As Capital Requirement For International Money Transfer Operators by ironheart(m): 6:12am On Feb 02 |
They should scrap domiciliary account. This will bring sanity to the system. But again, they are the once operating dom account, nothing will come out of it. 3 Likes |
Re: CBN Sets $1m As Capital Requirement For International Money Transfer Operators by SenecaTheYonger: 6:18am On Feb 02 |
Are IMTOs people like Remitly, TransferWise and the rest? Have the removed the ban that Buhari placed on them? Is that waht all this talk is about? |
Re: CBN Sets $1m As Capital Requirement For International Money Transfer Operators by AzaHub(f): 6:23am On Feb 02 |
Not surprised though
|
Re: CBN Sets $1m As Capital Requirement For International Money Transfer Operators by Kay25(m): 6:24am On Feb 02 |
dayleke:Una go bark before u bite na |
Re: CBN Sets $1m As Capital Requirement For International Money Transfer Operators by Blackfire(m): 6:31am On Feb 02 |
Another voodoo economy from agbado master and his best minds |
Re: CBN Sets $1m As Capital Requirement For International Money Transfer Operators by Hotice085: 6:38am On Feb 02 |
racerve: Which kind supply and demand, in this bitting times who is demanding what in Nigeria? What is happening is baseless speculations and thievery by the commercial banks and currency cabals Are you telling me that demand for automobiles, electronics or whatever in Nigeria where many citizens purchasing powers has been eroded is high or what? Foreign companies have shut down is it because of demand or what? The Economy situation in Nigeria has nothing to do with basic economic issues like production or demand and supply but artificial factors created by the cabals run economy of Nigeria Dollar is N1500 becos of more and more Nigerians are looking for dollars or companies all na lies Companies are shutting down Go and ask the fuel stations if they are selling more fuel to customers or if more fuel stations have shut down Purchasing power of people is almost zero except for food yet people are saying supply and demand wetin Like the CBN Governor said the naira is seriously under valued and this is the only time I will agree with him 6 Likes |
Re: CBN Sets $1m As Capital Requirement For International Money Transfer Operators by Lifemanage: 6:41am On Feb 02 |
racerve:We don't even need foreign investors, but our local thieves can invest and do the needful. All our problems are local |
Re: CBN Sets $1m As Capital Requirement For International Money Transfer Operators by anonymous1759(m): 6:54am On Feb 02 |
racerve: It’s easier said than done , With the way Nigerians are barking who’s going to give you time to put that in place? That’s why these men just look for makeup approach and apply it so they can breath , Nigeria’s populace don’t trust the government anymore that’s why they always demand for immediate result in any policy that is being rolled out. 1 Like |
Re: CBN Sets $1m As Capital Requirement For International Money Transfer Operators by Yankee101: 7:13am On Feb 02 |
It’s actually too small when one single person can transfer up to $10k $1m is just 100 such transfers 2 Likes 1 Share |
How Kuli Kuli Made Me A Millionaire! / How To Start Your Own Soap/detergent Making Business {free Info} / Easy Ways To Save Up And Start Your Business
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 34 |