The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) and Payment Service Providers (PSBs) to separate all transactions that would normally be categorised as bulk payment upon transactions. The apex bank gave this order in a circular signed by the Director, Payments System Management Department, Musa Jimoh, and published on its website. […]
The Central Bank of Nigeria (CBN), has issued the Regulatory Framework for Non-Bank Acquiring in Nigeria in furtherance of its monetary measures to promote a sound financial system and facilitate the development of electronic payment systems in the country. The apex bank’s Director, Payments System Management Department, Musa Jimoh, in the Notice issued on the […]