Regulatory Alerts2020-03-30 | 30-03-2020-3Temporary Suspension of Cheque Clearing in the Nigerian Clearing System
The Central Bank of Nigeria has temporarily suspended the clearing of cheque instruments in the Nigerian Clearing System starting from March 31, 2020, due to the COVID-19 pandemic and the resulting lockdown in certain areas of the country. Only returned cheques will be processed on that date, while settlement activities for electronic instruments will continue as usual. This measure aims to ensure smooth clearing and settlement activities during this challenging period.
Tags
payments