Tag: Cheque Truncation

X-raying prospects, challenges of CBN’s two-day cheque clearance policy

The cheque truncation policy of the Central Bank of Nigeria commenced penultimate Friday, with the Lagos Clearing House serving as the pilot zone. ADEMOLA ALAWIYE examines the feasibility of the scheme. As part of efforts to revamp the national payments system, the Central Bank of Nigeria, in August, 2007, inaugurated […]