Scoop: CBN releases list of 108 IMTOs with commercial approval

Full list and country breakdown of all the 108 IMTOs licensed by the CBN to facilitate inward remittance to Nigeria.

EXCLUSIVE: Moniepoint tests remittance product

This new offering is currently in an invite-only beta stage and precedes a planned public launch

PalmPay eyes remittances as it mulls Asia Expansion

This move aligns with a growing trend among African fintechs to tap into the global remittance market, particularly in Asia

LemFi raises $53 million Series B to fuel European and Asian expansion

LemFi will leverage this funding to expand its service offerings, scale its payment network licenses and partnerships globally, enabling hyper-localised service delivery.

BREAKING: LemFi expands to Europe. The journey so far.

LemFi, a fast-growing remittance startup with over 1M customers, and more than $33M in disclosed funding has expanded to Europe. Here is the journey so far.

Black tax accounts for almost 50% of UK-Nigeria remittances per Ohentpay report

The report also states that these earnings are used to provide financial support for their loved ones back home and more below.