CBN IMTO oversight
A dedicated briefing for Central Bank of Nigeria (CBN) IMTO supervision themes — licence-holder telemetry, designated naira settlement accounts, FX surrender visibility, and cross-border settlement latency — engineered by Inject Group Ltd. Not a live CBN deployment.
Nigeria’s IMTO market is a systemic FX and consumer-protection surface. Supervisors need more than quarterly spreadsheets: they need message-level visibility of originator and beneficiary data, corridor latency, and unusual velocity — without waiting for a correspondent bank’s delayed file.
Nexus IMTO is an Internal product Inject Group Ltd built for itself. The product site is nexusimto.com. It is designed to ingest IMTO traffic as native ISO 20022 (including pacs.008 customer credit transfers) and to hold high-risk outbound payments in a time-lock queue. That maps to CBN International Money Transfer Services guideline themes, including the 2024 revision — as an alignment target, not a certificate.
2026 designated naira settlement accounts
CBN circular TED/FEM/FPC/PUB/001/002 (24 March 2026, effective 1 May 2026) directs licensed IMTOs to maintain designated naira settlement accounts with authorised dealer banks and to route remittance inflows, beneficiary payments, and related settlements through those accounts. Accounts may be credited only with remittance flows and authorised FX conversion proceeds. Pricing guidance in the circular references Bloomberg BMATCH.
For a supervisor, the design question is whether those designated accounts, ADB routing, and pricing windows are observable — not whether Inject Group is the CBN or has a live Nigerian contract. Nexus IMTO is built so those objects can sit in an oversight console. Regulator names remain design-alignment targets.
What a CBN-facing IMTO supervisor typically asks
- Which IMTOs are accumulating unexplained FX spreads versus official windows?
- Are remittance legs staying inside designated naira settlement accounts at ADBs?
- Where do APP-style authorised push-outs cluster by corridor (UK–NG, AE–NG, CN–NG)?
- Can we see FATF Recommendation 16 originator/beneficiary completeness before settlement?
- How do naira-side wallets and international legs reconcilable on PAPSS or correspondent rails?
Inject Group Ltd licenses the core engine; Nigerian SIs deploy it. Hosted enquiry.
Procurement questions
Is Nexus certified by CBN, CBUAE, SAMA, or FATF?
No. Pages that name those authorities describe design alignment targets. They are not endorsements, licences, or live production claims.
Is this BIS Project Nexus or Nexus Global Payments?
No. Those are unrelated payments interconnects. Inject Group Ltd’s product is Nexus IMTO (SupTech for International Money Transfer Operator oversight). Visit nexusimto.com.
Does this page mean Nexus IMTO is live at the CBN?
No. It is a search-intent briefing so procurement teams can evaluate OEM capability against CBN IMTS guideline themes (2024 revision) and the 24 March 2026 settlement-account circular (TED/FEM/FPC/PUB/001/002, effective 1 May 2026). Not an endorsement or a live deployment.
How do we obtain a vendor security pack?
Use the hosted enquiry form with your institution, corridor, and NDA contact. After NDA we issue the pack on Google Drive: 1-pager PDF, architecture PDF, security questionnaire, and RFP outline. Those files are not hosted on this website; figures here are sample evaluation data. See how to request a Nexus vendor pack.