2009-06-12 | BOD/RTP/GEN/RVP/01/001

Circular on Guidelines for Transaction Switching Services and the Operational Rules of the NCS

The Central Bank of Nigeria has issued guidelines and operational rules for the operation of switching services in Nigeria, effective June 11, 2009. These regulations aim to guide licensing and operations of switching companies while ensuring interoperability among electronic funds switches by requiring all licensed entities to connect to the Nigeria Central Switch on or before July 30, 2009.

Tags
payments
infosec
aml
fraud
operational