2022-06-06 | COD/BNCH

Guidelines for the Registration & Operation of Bank Neutral Cash Hubs (BNCH) in Nigeria

The Central Bank of Nigeria (CBN) introduces Bank Neutral Cash Hubs (BNCH) to improve cash management efficiency and reduce costs and risks for banks, merchants, and large cash handlers. BNCH registration and operations are governed by these guidelines, which outline the CBN's role, eligible promoters, registration requirements, technology standards, and consumer protection measures. BNCHs must comply with CBN policies, maintain proper records, and provide regulatory reports, while customers have rights to privacy, security, and prompt dispute resolution.

Nigeria

Central Bank of Nigeria

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