February 25, 2020/CBN Following different interpretations of operations of domiciliary accounts, it has become imperative to clarify the operations of domiciliary accounts as contained in the Central Bank of Nigeria Foreign Exchange Manual Memorandum 25 provisions under reference. For the avoidance of doubt, all provisions of the Central Bank of […]

Culled—Proshare February 24, 2020/CBN The Central Bank of Nigeria (CBN) has formally clarified issues surrounding the operations of domiciliary accounts in Nigeria. Making the clarification in a chat with newsmen in Abuja, the Bank’s Director, Corporate Communications Department, Issac Okorafor stated that “the Bank has not  prohibited the acceptance of […]

February 22, 2020/Mediacraft Leading end-to-end financial solutions provider, Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has unveiled the addition of a new feature: ‘paycode’ to its @ease wallet. The Paycode feature has been introduced to give customers the opportunity to withdraw cash from their wallet on an […]