Regulatory Alerts2018-10-30 | BPS/DIR/GEN/05/014Notification for Change of Name from Banking and Payments System Department (BPSD) to Banking Services Department (BKSD)
The Central Bank of Nigeria (CBN) is notifying its stakeholders of a departmental restructuring, which includes the renaming of the Banking & Payments System Department to the Banking Services Department. From November 1, 2018, all correspondence related to banking services should be directed to the new department at the CBN's address in Garki, Abuja. This realignment aims to enhance service delivery to stakeholders.
CENTRAL BANK OF NIGERIA Central Business District P.M.B. 0187, Garki, Abuja.
+234 - 0946238445 BANKING AND PAYMENTS SYSTEM DEPARTMENT BPS/DIR/GEN/CIR/05/014 23rd October 2018 TO: Head, Ministries, Departments and Agencies of the Federal Government Head, Ministries, Departments and Agencies of State Governments Head, Military and Para-military Organisations Managing Directors, All Commercial, Merchants Banks and Development Banks Managing Directors, All Micro Finance Banks All Correspondent Banks of the Central Bank of Nigeria.
notification for change of name from "banking & payments system DEPARTMENT" (BPSD) TO BANKING SERVICES DEPARTMENT (BKSD) We write to notify you that the Management of the Central Bank of Nigeria (CBN), as part of its effort to efficiently deliver on its strategic objectives as banker to the Federal Government as well as promote credible, reliable and efficient payment systems, has restructured the Banking and Payments System Department, which resulted into the creation of two Departments namely: i.
ii.
Banking Services Department (BKSD) and Payments System Management Department (PSMD) Consequently, with effect from Thursday, 1ª November 2018, all correspondence on matters relating to Banking Services such as Treasury Single Account (TSA), Real Time Gross Settlement System (RTGS), account opening, Local and Foreign payments transactions, bank statement/reconciliation issues, Government Securities, Federation Account, Letters of Credits and other related services should be channeled to the address stated below: Director, Banking Services Department Central Bank of Nigeria Central Business District Garki, Abuja We wish to reassure you of our continued services and that the realignment is designed to achieve better service delivery to stakeholders.
Please, accept our sincere regards.
'Dipo Fatdkun Director, Banking and Payments System Department