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Tim Cameron, TransferWise Country Manager: “It’s fascinating to see the decline of Boxing Day as Black Friday and Cyber Monday become more and more popular in New Zealand. It looks like Kiwis no longer want to wait until after Christmas to score themselves a bargain. “In such a challenging year, it’s fantastic to see the majority of spending staying within New Zealand. However, for those offshore purchases it’s more important than ever for Kiwis to avoid pesky currency conversion fees that come with using traditional bank cards when online shopping. We think it’s better to keep th...

Punch Newspapers Sections Temiloluwa O’Peters The Central Bank of Nigeria has warned that neither Azimo nor Transfer Wise has been licensed by the bank to operate as International Money Transfer Operators. CBN in a disclaimer posted on its twitter account on Wednesday notified the public that the companies were transacting business, unauthorised as IMTOs in Nigeria and therefore warned potential investors to beware of the companies. The apex bank advised the public to desist from patronising the schemes, noting that doing so was at the investor’s peril. The statement said, “The attentio...

By Obinna Chima The Central Bank of Nigeria (CBN) has expressed displeasure that some International Money Transfer Operators (IMTOs) continue to pay remittances in local currency contrary to its recent policy that granted unfettered access to forex from Diaspora and other money transfer remittances. However, it noted that the majority of Nigerians who are beneficiaries of remittances through IMTOs now receive forex through their designated banks. The CBN revealed this in a circular posted on its website yesterday, titled: “Receipt of Diaspora Remittances: Additional Operational Guidelines.�...

Vanguard News CBN disclaims unregistered IMTOs CBN The Central Bank of Nigeria (CBN) has alerted the public on the activities of two umaithorised International Money Transfer Operators (IMTOs). A statement by Mr Osita Nwanisobi, CBN ‘s Acting Director, Corporate Communications urged the public not to do business with both companies. “The attention of the CBN has been drawn to the activities of Messrs Azimo and Transfer Wise, both of which are purportedly transacting business, albeit unauthorised, as IMTOs. “The bank wishes to notify the general public that neither Messrs Azimo nor Trans...

ON THE GO Daily COVID Tracker: Nigeria records zero death, and China to combine vaccines China is considering mixing its COVID-19 vaccines to boost their efficacy. Here are five updates about the pandemic this Monday.Advertisement India bans exports of remdesivir as COVID-19 cases surge India... Ubon Udoh appointed CEO of ASR Africa Ubon Udoh has been appointed as the chief executive officer of the Abdul Samad Rabiu’s Initiative, Africa Fund for Social Research and Development (ASR Africa).Advertisement In a statement on Sunday,... CAFCC: Enyimba lose top spot after 3-0 de...