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An August 2016 Nigerian Central Bank (NCB) decision to suspend the operations of all MTOs in the country, except those of Western Union, MoneyGram and Rio,  was met with a strong backlash.  It was argued that the decision was not appropriately justified, while also standing in contrast to the NCB’s previous move to ban all exclusivity agreements with Western Union.  The decision was considered to disproportionally strengthen the dominant position of Western Union, MoneyGram and Rio.  Under pressure, however, the Central Bank reversed the decision and granted new licenses to a number of competing MTOs.