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2017-04-20 | BPS/DIR/GEN/CIR/04/003

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Re: Circular on the Implementation of Interchange Fee

The Central Bank of Nigeria (CBN) announces the suspension of the implementation of the Interchange Regime, which was set to replace the Merchant Service Charge by May 1, 2017. This decision is made as per a previous communication in the CBN Circular dated November 1, 2016 (BPS/DIR/GEN/CIR/03/004). The suspension of this implementation remains effective until further notice.

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