CBN Issues Revised Guidelines for the Licensing and Regulation of PSBs in Nigeria

August 29, 2020/CBN

The Central Bank of Nigeria (CBN) via a circular referenced FPR/DIR/GEN/CIR/07/018 dated October 26, 2018, issued the Guidelines for the Licensing and Regulation of Payment Service Banks in Nigeria.

Stakeholders are invited to note that the Guidelines have been reviewed and updated in response to market developments since its first issuance.

The revised Guidelines is hereby issued to guide the operations of the licensed PSBs with immediate effect.

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