The Central Bank of Nigeria (CBN) has issued a Supervisory Framework for Payment Service Banks (PSBs) in furtherance of its sustained efforts to improve the efficiency of the nation’s banking system operations. The apex bank, in the framework published on Thursday, directed that the PSBs must operate mostly in the rural areas and unbanked locations […]
Tag: CBN Regulation on the Scope of Banking and Ancillary Matters No 3 of 2010
Financial Inclusion: CBN Issues Guidelines On Payment Service Banks
In furtherance of its implementation of the National Financial Inclusion Strategy, the Central Bank of Nigeria has released new guidelines for the establishment of Payment Service Banks in rural areas across the country. To achieve this objective, the apex bank on Sunday stated in the draft guidelines for the regulation of the proposed banks that […]