2018-07-05 | BPS/DIR/GEN/CIR/05/009

Shared Agency Network Expansion Fund Initiative: Regulatory Data Rendition Requirements

The Central Bank of Nigeria has issued a directive to all banks, mobile money operators, and super agents to submit daily transaction data through the Nigeria Inter-Bank Settlement System (NIBSS) for effective monitoring and evaluation of the Shared Agency Network Expansion Fund initiative. The data, which includes information on agent managers and agents, such as their names, contact details, and operational addresses, is required to track the growth and type of services offered across the country. Non-compliance with this directive may result in the revocation of operating licenses.

Nigeria

Central Bank of Nigeria

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