Regulatory Alerts2018-09-21 | BPS/DIR/GEN/CIR/05/002Circular on the Revised Nigerian Cheque Standard (NCS) and Nigerian Cheque Printers Accreditation Scheme (NICPAS)
The Central Bank of Nigeria (CBN) is revising the Nigerian Cheque Standard (NCS) and Nigerian Cheque Printers Accreditation Scheme (NICPAS) to enhance efficiency and security in the nation's cheque clearing system. The new standards will be implemented in February 2019 and will run concurrently with the old standards for 1.5 years before the old standards are phased out. The CBN will provide the revised standards to Deposit Money Banks (DMBs) and other stakeholders under confidential cover.
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payments