The Central Bank of Nigeria (CBN) has said that it is ready to license more firms to operate Cash-In-Transit and Currency Processing (CP) operations across the country.
Director, Corporate Communications Department, CBN, Mr Isaac Okoroafor told Vanguard Tuesday while speaking on the revised guidelines for the registration of Cash-In-Transit.
And Currency Processing companies in Nigeria released by the apex bank yesterday.
Among other things, he said the guidelines mandates all companies, including deposit money banks, who are desirous of providing currency distribution and/or currency processing services in Nigeria. Either for themselves or for other deposit money bank(s) to register with the CBN.
Recall that the apex bank in May licensed eight companies as CIT firms and two companies for currency processing.
Okoroafor, however, they want to license more firms for these services adding that one of the purposes of the guidelines. He further explained that the guidelines are also to let any company interested in rendering such services that no company is allowed to do that business without the license of the CBN