LogoRegulatory Alerts
2014-10-03 | TED/FEM/FPC/GEN/01/019

Added · Updated

Re-Guidelines for the Operation of International Money Transfer Services (IMTS) in Nigeria- review of the allowable limit

The Central Bank of Nigeria has increased the allowable limit for outbound international money transfers from $2,000 to $5,000 per transaction, applicable only to "person-to-person" transfers. Corporate entities are not allowed to use this product. This change follows a recent guideline on International Money Transfer Services dated September 26, 2014.

Central Bank of Nigeria logo

Nigeria

Central Bank of Nigeria

Click to view full text

More like this from CBN

CBN published 1 document in the last 30 days. We email you each new one the day it's published.

Topics
payments
fx
Share