September 11, 2019/CBN Part 1 Preamble The Central Bank of Nigeria (CBN) the Bank in exercise of its powers under the CBN Act, 2007, hereby issues the Regulation on Electronic Payments and Collections for Public and Private Sectors in Nigeria (the Regulation). The Regulation is a revision of the Guidelines […]

Culled—Proshare 6/9/2019/CBN The Central Bank of Nigeria (CBN) has made another intervention in the Retail Secondary Market Intervention Sales (SMIS) to the tune of $321, 112,537.31.  Figures obtained from the CBN on Friday, September 6, 2019, indicated that the sum of CNY33, 304,365.10 was also offered in the spot and […]

September 6, 2019/FirstBank Nigeria Limited By EHIME ALEX As in many developing countries, cash has been the most prevalent mode of payment in Nigeria until 2012 when the Central Bank of Nigeria (CBN) introduced the cashless policy with the aim of promoting the use of electronic payment channels instead of […]